Bitcoin (BTC) Could Be on Verge of Reversal, This Indicator Suggests

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Bitcoin slowly gaining strength for potential price recovery

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Moreover, the analysis of Bitcoin's supply in profit being at a relatively low level suggests that fewer investors are in a profitable position, reducing the likelihood of a sell-off due to profit-taking. This scenario could lead to reduced selling pressure, providing a conducive environment for price appreciation if market sentiment shifts positively.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.

 

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