Bitcoin under selling pressure. Profit-taking is keeping Bitcoin in… | by Titus | The Capital | Jan, 2021

 

Profit-taking is keeping Bitcoin in check and pushing the 40,000 mark back into the distance. But investors can capitalize on the course winners.

How won, so melted away: While the Bitcoin price was able to set a new high of over 40,000 US dollars just a few days ago, the crypto reserve currency is currently stumbling under the pressure of a wave of sales. With a minus of 3.7 percent on a daily basis, the crypto key currency is quoted at 34,837 US dollars at the time of going to press and has thus lost almost 6,000 US dollars in value in just three days.

At the same pace at which Bitcoin marched to its all-time high, things are currently going in the opposite direction. The market is cooling down again after the hot winter months. In view of the escalating price rally over the past few weeks, it is sorely necessary to take a breather.

To make it clear: In just one month, Bitcoin has grown from under 20,000 to over 40,000 US dollars — healthy growth looks different. After Bitcoin


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