Bitcoin Bulls Absorb Heavy Selling Pressure; But Move to $5,000 Still in the Cards

Bitcoin’s recent decline below the support that had been established in the lower-$7,000 region has been driven by heavy selling pressure, and it does appear that bears are vying to break the short-term support level that has been established at $6,800. One analyst is noting, however, that the crypto’s buyers have been able to absorb…

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Author: toutiao