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Bitcoin (BTCUSD) Plunges on Heavy Long-Term Holder Selling, Targets $72K Amid Bearish Signals

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin faced heavy selling from long-term holders and panic-selling from short-term holders, leading to a 3.5% drop and 17% monthly loss.
  • Technical patterns suggest a potential decline toward $72,000 or even $60,000 amid growing bearish sentiment and over 400,000 BTC sold in 30 days.
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BTCUSD price history

77924.73 +14.10% over the displayed period

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