Bitcoin Price Crash: Are Long-Term Holders Secretly Preparing for a Major Breakout?

Quick Summary:

This decline is partly due to many investors selling their Bitcoin to capitalize on rising values, resulting in a noticeable dip.

However, skepticism in the market is growing, and many investors doubt Bitcoin’s potential for a bull run, with some even lowering their expectations.

Bitcoin has recently experienced a significant drop, with its current trading price at $66,568.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Long-term Potential Investors Crypto Price Bitcoin Bull Pattern Holders Been Major

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 12:20:40 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21856492

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 18 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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