GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
Homebreadcrumb separatorNewsbreadcrumb separatorBitcoin Price Forms A Significant Supply Barrier, Risking A Significant Correction!
247 Author News

Bitcoin Price Forms A Significant Supply Barrier, Risking A Significant Correction!

The post Bitcoin Price Forms A Significant Supply Barrier, Risking A Significant Correction! appeared first on Coinpedia Fintech News

As per the latest on-chain reports, around 5.45 Million addresses have acquired 3.03 Million BTCs between the range of $70,800 and $64,300 forming a huge supply barrier in this market. This further risks the possibility of a sharp correction in the Bitcoin price in the coming time. Theoretically, if the BTC price continues to drop, these holders could sell their holds as per spot loss, which could further pull the price of Bitcoin toward its multi-month low.

Latest Press

post-thumbnail
News
247 Author
4 hours ago
Time to buy ETH? $200 Million Worth Ethereum Outflows
The post Time to buy ETH? $200 Million Worth Ethereum Outflows appeared first on Coinpedia Fintech N...
READ MORE
post-thumbnail
News
247 Author
4 hours ago
Will XRP Crash to $1.90? $111 Million Shorts Dominate 
The post Will XRP Crash to $1.90? $111 Million Shorts Dominate  appeared first on Coinpedia Fintech...
READ MORE
default post thumbnail
News
247 Author
4 hours ago
Polkadot’s Price Soars, Ondo Integrates Treasuries to XRP Ledger — BlockDAG’s Affiliate Program Maximizes Crypto Earnings!
Maximizing crypto returns goes beyond mere asset holding; it hinges on exploiting both immediate and...
READ MORE
default post thumbnail
News
247 Author
4 hours ago
Bitcoin Bull Market At Risk If Key $97,000 Support Level Fails To Hold, Analyst Warns
Bitcoin is now retesting the psychological $100,000 price level again after a 2.22% decline in the p...
READ MORE
default post thumbnail
News
247 Author
4 hours ago
Chainlink (LINK) Set For $36? Whale Moves Suggest A Big Rally—Analyst
Analysts anticipate a potential breakout to $36, as Chainlink (LINK) is currently exhibiting robust ...
READ MORE
default post thumbnail
News
247 Author
4 hours ago
Analysts Believe It’s Too Late To Buy XRP and ADA; This XRP Rival Could Pump 5000% This Year
Market analysts warn that high caps like XRP and ADA may not deliver the exponential growth they onc...
READ MORE
default post thumbnail
News
247 Author
4 hours ago
Top Solana and Shiba Inu Holders Are Racing To Remittix After Early Holders See Over 230% Gains
Big holders of Solana (SOL) and Shiba Inu (SHIB) are suddenly flocking to a PayFi altcoin called Rem...
READ MORE
default post thumbnail
News
247 Author
4 hours ago
ADA NEWS: Cardano Investors Shift Focus: Why Rollblock’s Presale Is the One to Watch
This week, Cardano rolled out its latest upgrade that brings total decentralization one step closer....
READ MORE
default post thumbnail
News
247 Author
4 hours ago
Newbies Who Purchased Trump Coin Humbled By Shiba Inu & PEPE As Wall Street Investors Stake A Real World Crypto That Will Boom
The crypto market is unforgiving! The recently launched TRUMP coin and its fading hype have again pr...
READ MORE
default post thumbnail
News
247 Author
4 hours ago
Invest Smartly with These 8 Altcoins Ready to Skyrocket Your Portfolio in 2025
Observing how seasoned and new investors have become more vigilant about getting into the cryptocurr...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started