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Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders

Bitcoin price action steadies, but things still look ugly for those with major skin in the game.
Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTerra down at least $250 million in crunchData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing 12% in just 72 hours.Still near its lowest levels since late February, the pair had nonetheless avoided a rematch of 2022 lows at the time of writing despite low-volume weekend market conditions.In his latest Twitter update on May 6, popular trader Anbessa highlighted the planned support level to buy Bitcoin in what he described as a “fakeout” — a zone beginning at just under $33,000.#Bitcoin Update Twitter friendly, easy words BTC support, BTC fakeout we want to buy. Chop very profitable it was. Now waiting for fi

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We współpracy z: https://cointelegraph.com/news/bitcoin-clings-to-36k-as-data-suggests-btc-price-sell-off-came-from-short-term-holders

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