Bitcoin remains pinned below $27,000, and the recent weaknes

Bitcoin remains pinned below $27,000, and the recent weakness of the past few days has increased calls from analysts for a fall to the low $20,000 levels.

Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.

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The last time the sell-side risk ratio was this low was in late 2015, which started the bull run that reached $20,000 in December 2017. #bitcoin

Glassnode’s lead on-chain analyst Checkmate said in his comments on May 24 that the sell-side risk ratio metric suggests that “sellers are exhausted on both sides,” and that indicates big moves “are coming.”

While anything is possible, the Bitcoin bulls are unlikely to give up the $25,000 support without putting up a fight.

BTC’s price remained below the key $27K mark and was trading at $26,252.95.

#BItcoin lost crucial levels after rejecting at $27.5K.

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}Bitcoin remains pinned below $27,000, and the recent weakness of the past few days has increased calls from analysts for a fall to the low $20,000 levels.

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Bitcoin remains pinned below $27,000, and the recent weakness of the past few days has increased calls from analysts for a fall to the low $20,000 levels.