Will Bitcoin Rise Above $30000, Or Break Below $25k?
BTC Market Analysis The current Bitcoin price is $27,626, with a 24-hour decrease of 2.21% and a 7-day decrease of 1.77%. The exchange reserve continues to fall, indicating lower selling pressure. More investors are selling at a loss, which could indicate a market bottom in the middle of a bear market. advertisement There were liquidations of 51.03% of long positions in the last 24 hours, as per CryptoQuant. The RSI indicates an oversold condition, and 75.00% of price movement in the last 2 weeks has been down, potentially leading to a trend reversal. The regulatory uncertainty coupled with the technical issues in the network like liquidity drop has led to a decline in demand for Bitcoin , leading to its recent drop in price. It remains to be seen whether the market will recover in the short term or if the downward trend will continue. BTC Trends To Know US investors’ buying pressure is relatively strong in Coinbase, which could potentially lea...