Here's The Reason For The Bitcoin Price Is Over The $ 35000! The price of the bitcoin cryptocurrency has waxed at $ 35,000 after breaking an all-time record. So what is the reason for this situation? Let's examine it together.
As of January 26, 2021, the price of Bitcoin (BTC) cryptocurrency has been greatly affected by miner sales and profit purchases, and has declined below $ 30,000 for a short time.
Bitcoin Price Stops Rising
Looking at the Tradingview data, the biggest cryptocurrency, which approached the $ 35,000 level at the beginning of this week, suddenly made a U-turn. While preparing for the news publication, the BTC / USD parity was trading around $ 32,000. The daily loss, which exceeds 5 percent, has lost around 2.5 percent in this case.
A number of factors stand out among market participants, suggesting that the short-term profit making plan is being implemented. We see that the bears step in on Monday to prevent the bulls from increasing the price.
