As Traders Express Skepticism About Bitcoin's Future, What Will Happen Next in the Crypto Market?

Quick Summary:

On-chain data shows that Bitcoin investors are losing patience as buy calls take a dip while sell calls are on the rise.

The world’s largest cryptocurrency Bitcoin (BTC) continues to face some selling pressure and has corrected under $63,000 dropping another 2% in the last 24 hours.

Such signs of fear, uncertainty, and doubt (FUD) creeping into the market often signal heightened probabilities of a recovery.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaHong Kong

Topics: Bitcoin price correction BTC price analysis Bitcoin News BTC price Bitcoin Price Drop BTC Price Correction Bitcoin Price Analysis 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-27 @ 14:41:23 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 361 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 20799990

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 48 minutes ago

Coverage Areas: India

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