Bitcoin () is ending one of its most bearish weeks this year. The Bitcoin price has fallen by more than 19% to close the week around the $60k resistance level. A combination of factors led to the BTC price drop, including Strategy’s () first Bitcoin sale in years.
While Strategy sold only a portion of its BTC holdings, the fear in the market has been enough to cause a major price plunge. On the backdrop of this, analysts at Compass Point have shared reasons why the BTC bear market could end soon.
Why Bitcoin Price is Struggling
Bitcoin’s steep descent from grace this week was fueled by a confluence of macroeconomic anxiety, shifting institutional sentiment, and unexpected corporate selling triggers.
A primary catalyst for the…
