Journalist
- The struggle to breach $100k meant some Bitcoin analysts were calling for a deeper retracement
- Though common, such a dip might be unlikely based on the average mining costs trend
Bitcoin [BTC ($89,845.00)] bulls faced another minor setback above the $98k-mark. Selling pressure sparked up and sent the price tumbling from $98.6k to $96.5k. And yet, even as BTC struggled to conquer the $100k-level, Bitcoin‘s supply on exchanges continued to drop – A sign of accumulation.
Will Bitcoin flip the $100k-level to support this year, or are there too many holders seeking to sell at a profit near this monumental ps...
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