Bitcoin sees 30% retracement as selling pressure increases — Bitfinex

Bitcoin (BTC) has undergone its second-largest correction of this bull run, according to analysts at crypto exchange Bitfinex. The correction, from the coin’s all-time high of $109,590 set on Jan. 20 to a low of $77,041 during the week of March 9-15, represents a 30% retracement triggered by selling pressure from short-term holders.In its report, Bitfinex defines short-term holders as those... source: https://cointelegraph.com/news/bitcoin-30-retracement-selling-pressure-bitfinex?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound