Bitcoin Bears Ramp Up Selling Pressure as Weekly Close Looms; Factors & Trends6.6

Bitcoin and the aggregated crypto markets have been facing increased volatility as of late, and following a sharp move towards $11,000 yesterday, BTC has been unable to garner any significant buying pressure and has been drifting lower.

Analysts are now noting that Bitcoin’s bears are ramping up the selling pressure, which could result in a bearish weekly candle close that could spell trouble for the cryptocurrency.

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