Joao Wedson: Bitcoin bulls face pressure if BTC falls below $75,000

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Bitcoin bulls under pressure near $75,000

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2 hours ago

Joao Wedson: Bitcoin bulls face pressure if BTC falls below $75,000 — Bitcoin bulls under pressure near $75,000

Joao Wedson cautioned that many Bitcoin bulls could be under considerable pressure if BTC drops further from the $75,000 mark.

He also advised being extremely cautious with leveraged positions at current price levels.

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Wedson recently observed that Bitcoin’s buy and sell pressure delta turned negative, indicating renewed bearish pressure in the market. He previously examined whether the cryptocurrency’s long-standing cost basis signal remains a reliable indicator under current conditions. These ongoing assessments come as investors evaluate potential risks at elevated price levels.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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