Bitcoin Faces Short-Term Downward Pressure as Long-Term Investors Take Profits: Bitfinex Analysts
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Bitfinex analysts indicate that profit-taking by long-term investors could exert short-term downward pressure on Bitcoin. The flagship cryptocurrency Bitcoin (BTC) has been trading sideways in the $62,000 – $63,000 range, with investors who have endured long-term declines anticipating a substantial rise. However, a report from Bitfinex analysts may disappoint investors. Bitfinex analysts warn that long-term […]
