Massive $100m Bitcoin Selling Pressure: Here Are Levels to Watch After the Violent Drop

Massive $100m Bitcoin Selling Pressure: Here Are Levels to Watch After the Violent Drop

Overnight Bitcoin (BTC) faced a violent rejection that caused its price to plummet to the lower boundary of an ascending channel it has established over the past several weeks. This rejection has shifted the overall market sentiment and has led many previously euphoric bulls to grow increasingly bearish.