Connect with us

Business

3 reasons why Bitcoin price violently rejected near $20,000 – Cointelegraph

Bitcoin price strongly rejected near the $20,000 resistance, leading analysts to debate whether a quick recovery is on the cards.

Published

on

post featured image
ADVERTISEMENT

Bitcoin (BTC) finally managed to secure a new all-time high, but the digital asset rejected strongly near $20,000. On-chain analysts say a sell-off from whales and miners, combined with the $20,000 level acting as a resistance level caused a fierce drop.
BTC/USD 15-minute chart. Source: TradingView
What led whales and miners to sell Bitcoin?
For whales and high-net-worth investors, liquidity is the most important factor. Because they deal with large orders, they need to calculate the slippage their…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Powerball, Mega Millions jackpots among largest in US history – KABC-TV
post featured image
Numbers revealed for massive $640M Powerball jackpot – News 12 Connecticut
post featured image
Parler’s CEO fled his home after receiving death threats – Business Insider – Business Insider