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❕NEWS Bitcoin analysis shows the sell off maybe over

AudraMiller

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When it comes to the price of any cryptocurrency it is a very important Factor to take into account how many people are selling a certain coin and how many people are potentially buying bitcoin as well. This to a large extent determines the price of the coin because of the fact that cryptocurrency is based on a decentralized network and therefore the laws of supply and demand are actually very prominent within the currency. In a recent analysis that was made by crypto currency analysts it seems that the sell-off portion of Bitcoin is actually closing off now and according to the supply chain it seems that people are more to moving towards the accumulation stage in which they will purchase a lot of Bitcoin in order to increase their investment. This could potentially help the Bitcoin price moving forward.
 
I think this is already happening because there is more accumulation of Bitcoin now and a lot of people are holding up now to sell in price when the price has gone up. So this analysis is apt.
 
With the present rise in bitcoin price I am quite certain that there will be more buy than sell because people will be expecting a bull
 
At the moment bitcoin is $39200 on coinmarketcap. A week ago it dropped to $28000. It may be volatile at this level before it breaks $40000. There will be a lot of relief for some holders.
 
Hard to predict if the sell off is done , because of how news influences the market could cause another negative fall ,we should just watch the price grow for now
 

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