The cryptocurrency has seen a softening of demand in recent days, following a rejection at $67,000 last week. The 50% increase since mid-October has raised concerns among investors that the market may be due for a correction. If this trend continues, it could put an end to Bitcoin's winning streak.
Source
"Bitcoin's Winning Streak Tested Amid Weakening Demand" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
The past four weeks have been a period of significant growth for BTC, with its price increasing by over 20%. However, some analysts are now warning of a potential reversal, citing weakening demand and a possible correction in the market.
BTC · 7D · $62,999−3.2%