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Panic Selling Triggered Mass Buying: Should We Expect The Definitive Bitcoin Bottom?

Relevance up to 09:00 2022-06-15 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


The new week began for the cryptocurrency market and Bitcoin with a real apocalypse. The main digital asset declined to $20.9k, after which it began to stabilize due to increased buying volumes. However, despite this, the total losses of traders over the past day reached $1 billion. According to The Block Research, the percentage of all purchased BTC coins that are in profit has decreased from 92% to 72%. At the moment, the cryptocurrency dropped below $21k, followed by a massive buyout. As of June 14, the asset continues to consolidate around $22.2k. Sellers continue to dominate the market, despite the significant activation of buyers.

https://www.fxmag.com/crypto/panic-selling-triggered-mass-buying-sh...

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