Bitcoin edges lower for its worst weekly performance in over a month

The Bitcoin Forum
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#1

On Friday, Bitcoin clocked its worst weekly performance in more than a month. The world’s largest cryptocurrency by market cap inches closer to a key support level of $30,000.

Bitcoin on Friday morning was trading at $31,363 as of 8:30 a.m. ET, according to data from CoinMarketCap. Cryptocurrencies have struggled to rebound from a massive crash in May when the value of the total market dropped by nearly half in just seven days.

https://www.businessinsider.in/cryptocurrency/news/bitcoin-edges-lower-for-its-worst-weekly-performance-in-over-a-month-as-as-cryptocurrencies-struggle-to-recover-from-heavy-sell-off/articleshow/84477291.cms

#2

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The whales are finally selling. Exchange Whale Ratio (EWR) is around 0.87. An EWR of more than 0.85 means the sharks in the water are net selling. I still think BTC will be north of ATH as we approach year end.