#ReboundRally ReboundRally The recent decline of Bitcoin $BTC
BTC
98,919.97
+0.39%
may be a golden opportunity for new investors: Despite numerous forecasts that the price of Bitcoin (BTC) could soar to $120,000 by the end of the year, this cryptocurrency is facing a hurdle as it trades below the $97,000 mark. However, historical data shows that such corrections often present opportunities for new investors to accumulate Bitcoin. The price of Bitcoin has decreased by 12% in the past 7 days, possibly due to increased selling pressure as the holiday season begins. This pressure is reflected in the sharp decline of the Coinbase Premium Index, a tool for measuring Bitcoin buying and selling activity in the U.S. Currently, this index indicates significant selling pressure. However, in previous cycles, high selling pressure often attracts new investors who want to buy Bitcoin at a lower price. If this scenario repeats, Bitcoin may witness new accumulation and potential price increase.
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XRP
2.281
-1.49%
$BCH
BCH
462.3
-1.32%
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#BTC走势分析 #cryptouniverseofficial ##CryptoPatience #cryptooinsigts $BTC