Bitcoin Set For Long Squeeze As Retailers Panic Sell — What To Expect
Bitcoin Set For Long Squeeze As Retailers Panic Sell — What To Expect
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Bitcoin recently dipped below the $100,000 support level, reaching $98,900, indicating a prevailing bearish sentiment among investors. However, an on-chain evaluation suggests that Bitcoin's price might soon experience a significant reversal, despite retailers panicking and selling.
Early in November, Bitcoin (BTC) went as far as slipping beneath its $100,000 psychological support, reaching about $98,900 before reclaiming its six-figure valuation. While this may suggest the predominance of a bearish sentiment among its investors, a recent on-chain evaluation has surfaced, explaining why the Bitcoin price might soon experience a major reversal. Related Reading: [...]