Bitcoin Price To Bounce Against 1,300% Selling Spike — But How?
The post Bitcoin Price To Bounce Against 1, 300% Selling Spike But How? appeared com. Bitcoin price is hovering near $105,300, down about 0. 8% in the past 24 hours and roughly 5% this month. Yet, this week looks surprisingly stable. After briefly dipping near $100,000, Bitcoin has managed to rebound even as sell pressure rises sharply. That contrast between rising selling pressure and relatively steady prices suggests something deeper happening under the surface. Sponsored Data Shows Surge in Selling Pressure By Over 1, 300% On-chain data from spent output by age bands which tracks how old coins being moved to exchanges are reveals a sharp spike in BTC selling. Short-term holders which smooths out price data to identify trend direction faster than a standard moving average, now shows an emerging bullish crossover. The 20-period EMA is closing in on the 50-period EMA, and when the shorter EMA crosses above the longer one, it often signals strengthening momentum. The last time this pattern.
