Ads by Eonads
2024-06-10 18:12:04

Bitcoin Price Faces Key Resistance at $70,000 as Short-Term Profitability Stands at 3.35%

Over the recent weekend, Bitcoin faced a significant decline, pushing its price below the $70,000 mark. Despite this drop, the current low profitability for short-term holders suggests a reduced risk of further sell-offs. An analyst, Ali Martinez, shared data indicating that Bitcoin’s short-term holder profitability has remained notably low, calming investor concerns. Bitcoin’s short-term holder

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.