Cryptocurrency Q&A Why is BTC struggling?

Why is BTC struggling?

lucas_lewis_inventor lucas_lewis_inventor Mon Dec 16 2024 | 6 answers 1119
BTC seems to be struggling recently. Its price has been fluctuating and not performing as strong as before. I'm wondering what factors are causing this downward trend and whether it's a temporary setback or a sign of a larger market shift. Why is BTC struggling?

6 answers

CryptoAce CryptoAce Tue Dec 17 2024
Bitcoin's price has exhibited volatility, hovering around the $97,300 mark as of December 2, 2021.

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KimonoSerenity KimonoSerenity Tue Dec 17 2024
Additionally, a substantial sell wall consisting of over 4,000 Bitcoins, valued at roughly $384 million, further complicates the situation.

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Valentino Valentino Tue Dec 17 2024
Despite attempts to surge, the digital currency has failed to surpass the $100,000 threshold.

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Leonardo Leonardo Tue Dec 17 2024
Among the top cryptocurrency exchanges, BTCC offers a range of services that cater to diverse investor needs. These include spot trading, futures trading, and a secure wallet for storing digital assets.

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Michele Michele Tue Dec 17 2024
Market analysts have offered insights into this phenomenon, suggesting that Bitcoin faces significant resistance at this pivotal price point.

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