Bitcoin price is ‘stuck’ at $30K — Here are 3 reasons why

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Bitcoin price is ‘stuck’ at $30K — Here are 3 reasons why
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Bitcoin too boring? cryptoquant_com breaks down why.

Bitcoin has spent almost a month at or near $30,000, but this is no coincidence, new analysis claims.market updates on July 17, on-chain analytics platform CryptoQuant highlighted three key factors keeping BTC price action in the same place., making casual one-year highs but always falling lower afterward.

Short-term holders , he notes, have divested themselves of their holdings since April, leading to increased selling pressure above $30,000.

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