Despite the decline in sales pressure, the price of Bitcoin (BTC) is still in a downward trend and has now reached a range of $ 6,000, with more than 2 % a decline from the historic ceiling.
According to data, the volume of small transactions has fallen from $ 5 million to $ 5 million and demand for micro -investors has fallen. The statistics show that the tendencys to buy bitcoin have declined.
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At the same time, older and inactive holders are now preferred not to enter the market; That is, they do not sell their BTCs nor have a new purchase.
On the other hand, the bitcoin reserves in the currency fell by 4.9 percent to $ 5 billion; What is a sign of reducing sales pressure. Of course, the lack of strong demand has caused this decline in reserves to not lead to price growth.
Overall, BTC needs new demand and high trading volume to return to the uptrend; Otherwise, it will be possible to modify the price of up to $ 5 or even $ 5,000.
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