Opinion: Bitcoin price falls below key range, next demand range is 37500 to 38700
Cryptocurrency analyst ALI on Twitter: Bitcoin has slipped below a key supply zone, ranging from $41,200 to $42,400. In this area, 1.87 million addresses had accumulated 730,000 $BTC. This downturn might trigger these holders to sell, aiming to cut losses. If selling pressure increases, watch for a possible decline to the next demand zone between $37,500 and $38,700. Here, 1.28 million addresses are holding 553,000 BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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