Decrease in Bitcoin Selling Pressure... "Expecting a Gradual Rise This Week"

Source
Son Min

Summary

  • It was reported that as the selling pressure on Bitcoin decreases, a gradual rise is expected.
  • Axel Adler Jr., a contributor to CryptoQuant, stated that the selling pressure on Bitcoin has decreased over the past month.
  • He mentioned the possibility of a gradual rise this week if there are no negative macroeconomic factors.

There is an opinion that the selling pressure on Bitcoin (BTC) has decreased, leading to expectations of a gradual rise.

On the 23rd (local time), Axel Adler Jr., a contributor to CryptoQuant, stated on X, "The selling pressure on Bitcoin has decreased over the past month," and "there has been a noticeable decline in aggressive selling activities." He added, "If there are no negative macroeconomic factors, we can expect a gradual rise this week."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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