Bitcoin is facing downside pressure due to high fees and a full mempool, with Binance pausing BTC withdrawals. Miners are still selling their holdings, indicating that the 2022 bear market is still in play. Traders are watching for important levels, with $27,300 seen as a line in the sand and the 50-day EMA as a potential support zone. On the other hand, Bitcoin miners continue to deal with the consequences of the 2022 bear market, with BTC reserves they hold at a two-year low.
Bitcoin Faces Downward Volatility As Fees Rise and Mempool Reaches Capacity
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BTC
99 499,72
+1.74%
HIGH
1,999
+8.64%
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