Overhead Supply Puts Bitcoin Price Under Correction Threat; Back to $29000?
Within the last two weeks, the Bitcoin price showcased a remarkable recovery as it jumped from $25000 to the $31150 mark. The aforementioned level is also the April 2023 peak and therefore holds sufficient supply pressure to tackle bulls. The daily chart started projecting long-wick rejections indicating the sellers are actively defending this level. Are The post Overhead Supply Puts Bitcoin Price Under Correction Threat; Back to $29000? appeared first on CoinGape.
Within the last two weeks, the Bitcoin price showcased a remarkable recovery as it jumped from $25000 to the $31150 mark. The aforementioned level is also the April 2023 peak and therefore holds sufficient supply pressure to tackle bulls. The daily chart started projecting long-wick rejections indicating the sellers are actively defending this level. Are
The post Overhead Supply Puts Bitcoin Price Under Correction Threat; Back to $29000? appeared first on CoinGape.
