The Bitcoin selling pressure is quietly shrinking, steadily approaching the $120,000 mark!
Recently, short-term holders have been more restrained in selling, averaging only 21,000 Bitcoins sold per day, lower than the historical average, indicating a relatively stable market atmosphere. Prices have risen, but selling pressure hasn't followed suit, suggesting that the bulls remain quite calm.
$120,000 has become a key psychological barrier at the moment, and everyone is watching it. Bitcoin is gradually getting closer to this milestone, preparing for another takeoff. Don't forget, the closer we get to $120,000, the more profit-taking sell orders might emerge, so don't be scared by short-term fluctuations.
Stay tuned for my updates to help you grasp the market rhythm steadily!
