Analyst: Bitcoin selling pressure is likely to be exhausted, and a consolidation range will form in April-May
Odaily Planet Daily reported that CryptoQuant researcher Alex has released data on X, indicating that daily selling pressure on major exchanges has significantly decreased from 81,000 BTC to 29,000 BTC. The market has entered a phase of asymmetric demand, and after breaking through the $100,000 barrier, it managed to absorb several rounds of profit-taking. Currently, selling pressure is likely to be exhausted, and buyers remain calm about the current price level. This paves the way for a structural supply shortage. April and May may form a consolidation range in preparation for the upcoming explosion.
