BTC head down

TA : you can see descending supports and resistances in daily chart, $BTC is near resistance and technically price should come down to touch the support. the yellow line is now supporting , a break down from this line can make the price head down toward $30k that is a Psychological support and then $26300 and $23500.

The Grayscale Bitcoin Fund (GBTC) is due to release in excess of 40,000 BTC in the coming weeks, this having been subject to a six-month lock-up period.

Opinions differ about its market impact. Some are concerned that selling pressure will increase (only to then become practically zero after the unlockings are over), while others argue that spot markets will be broadly unaffected.

Sunday, July 18, is of particular interest, with that day’s unlocking worth just over 16,000 BTC.


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