Cryptocurrency analyst Charles Edwards said Bitcoin (BTC) miners are creating extraordinary sales pressure.
“Bitcoin miners sell Bitcoin at a rate that is not seen after the $19,000 level. This usually happens for two reasons that require cash (not today) or are profitable and are expected to decline.
Meanwhile, analyst Joao Wedson highlighted Bitcoin’s key support levels. “If BTC falls below $110,400, we could see the fear and wild shaking in the Crypto market next week,” Wedson said.
Wedson also painted a positive picture of Doge. Data on the chain shows demand for short-term investors is moving upwards. “In the past, every time this indicator rises, Dogecoin has experienced strong bull rally. This indicator has risen again in recent weeks, and if the trend continues, it could present members with promising photos.”
*This is not investment advice.
