Crypto market experts say that on February 12, when Bitcoin broke through the psychological mark of $50 thousand, investors managed to buy $6 billion worth of the coin and now this could become a serious resistance to further growth. ForkLog writes about this.
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Currently, about 375 thousand traders are at a loss due to the fact that Bitcoin, after breaking through the $50 thousand level, rebounded to $49 thousand. According to analysts, a large volume of purchases was recorded at the $50 level 230.
“These addresses are currently in losses and may increase selling pressure when their positions reach breakeven,” Lookonchain specialists wrote.
The correction may be delayed by maintaining a strong belief in the future growth and lack of consensus on the “adequacy” of profits at the current stage, experts pointed out.
On the topic: Bitcoin crossed the $50 thousand mark