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Tag: Selling Pressure

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Bitcoin (BTC) Price Nears Bottom Despite Selling Pressure – Rebound Expected

In Brief A key metric, which has historically been pivotal to Bitcoin’s price, suggests that sellers exhaustion has set in. Positive signs emerge with higher bid than ask on-chain, and a high concentration of liquidity at $58,037. BTC looks set to retest $58,251 but trading below the 20-day EMA indicates weakness. Over the weekend, Bitcoin…
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XRP Price Outlook: Signs of Selling Pressure Signal Downtrend Ahead

In Brief Ripple price has already lost the support of the 50-day EMA and is close to losing the 100-day EMA as well. Long-term holders have been moving their holdings, which historically has been a signal for corrections. The bearish trend is yet to gain strength, giving XRP a shot at bouncing back from $0.60.…
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