We will see why the price does not rise more than $ 10,000, who is selling?
Let's see
As we see in the price chart Bitcoin remains in a price range for the last few weeks.
We have already seen several attempts to break $ 10,000 which have been unsuccessful.
We saw days before how miners sold large amounts of bitcoin
source graph: https://terminal.bytetree.com/bitcoin
But today I bring you this graph that indicates that the miners are behind keeping the price around $ 10,000.
souce graph: https://cq.live/prochart/177?window=hour
As we see in the flow chart of miners to exchange, as the price got closer to $ 10,000, the miners have sold more Bitcoin until the price fell.
This can be done for various reasons
- Mining War
- Low Earnings from mining Bitcoin
- both
What's do you think?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
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