Bitcoin News

Bitcoin Bounce Fails As Short-Term Holders Rush To Take Profit

2 hours ago

Bitcoin’s latest rebound to $74,050 on Thursday is

Bitcoin’s latest rebound to $74,050 on Thursday is running into immediate selling pressure as short-term holders move coins to exchanges in large volumes, suggesting the market’s most reactive cohort remains unconvinced by the recovery.

STHs sent more than 27,000 BTC in profit to exchanges | Source: X @Darkfost_Coc

Deviations above the Range High keep getting sold | Source: X @JA_Maartun

Bitcoin must break above $74,500 to confirm a trend reversal, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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