Analysts: Bitcoin short-term sell pressure is absorbed by long-term holders

The Bitcoin market fell below $39,000 after the Easter holidays as “weak hands” continued to sell, forcing prices down to a local low at $38,729 before bouncing back.

This uptake is driven by persistent and robust undercurrent demand.

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Source: https://cryptoslate.com/analysts-bitcoin-short-term-sell-pressure-is-absorbed-by-long-term-holders/