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Bitcoin [BTC] investors looking for relief might get some after reading this

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Bitcoin [BTC]’s performance has been sluggish lately as the king coin failed to register upticks during the past few weeks. BTC’s seven-day chart was painted red as its value decreased by more than 7%.

Recently, BTC’s price touched a three-month low, which was followed by a spike in BTC’s hourly negative sentiment spike. This stood as an indication of a bear market.

However, the good news is that several indicators and on-chain metrics suggest the possibility of a trend reversal soon. BaroVirtual, an analyst and author at CryptoQuant, published an interestinganalysis which gave perspective to the higher selling pressure in the market.

In his post he pointed out a scenario where investors holding their assets since six to 12 months are selling their holdings.

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