The Bitcoin [BTC] narrative that has prevailed in the last few weeks is that it was still trading at a discount between the $20,000-$22,000 price range. Despite this, it still experienced a lot of selling pressure which pushed the king coin below $20,000.
Bitcoin’s inability to stay above $20,000 suggests that there was incoming sell pressure that overwhelmed the prevailing demand. It turns out that some of the selling pressure was due to outflows from miner…
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