Is the BUll run over already? ‼️
Bitcoin $BTC displays a robust bullish outlook, with long-term holders showing a notable absence of selling pressure. This bag holding contributes to the reduced selling pressure in the market.
While low selling pressure doesn’t guarantee an immediate price increase, it suggests that #BTC is less likely to be at its cyclic top, providing a positive sign for investors and enthusiasts alike.
Despite positive indicators, #bitcoin price remains just below $30,000, with the U.S. Federal Reserve’s upcoming decision on a 25-basis point rate increase creating market uncertainty.
Other top assets like $ETH and $BNB are still ranging without visible sell offs.
And as long as people are not in a hurry to sell, the #bull run isn’t over yet.
