Bitcoin Faces Major Sell-Off: Drops Over 2% on July 4, Testing Key Support Level

Bitcoin experienced a drop of over 2% on July 4th as a critical support level was retested for the first time since October 2023. Prominent analyst Charles Edwards noted that Bitcoin faced significant selling pressure throughout the year, corroborated by data from on-chain analytics firm Glassnode. In his X post, popular trader Skew pointed out

Source: CoinOtag