On May 8th, the Bitcoin price witnessed a sudden sell-off recording a 2% intraday loss. The selling pressure could be triggered when Binance world’s largest crypto exchange paused Bitcoin withdrawals twice since yesterday amid a spike in gas fees. With this price drop, the sellers breached the support trendline of the symmetrical triangle pattern reflecting a high possibility of prolonged correction.
Crypto Sellers Aim $25000 Bitcoin Price Amid New Triangle Pattern Breakdown
coingape.com
10 May 2023 10:39, UTC