Bullish Case For Bitcoin: Profit Taking Turns Into Buying The Blood

Bullish Case For Bitcoin: Profit Taking Turns Into Buying The Blood


Bitcoin price recently saw a $2,000 correction after months straight of surging. At the start of the selloff, signs pointed to profit-taking as the primary reason for the pullback. However, after greed turned to fear, big-money investors have begun buying the blood right out from under investors who are panic-selling the cryptocurrency at a loss.

Here’s why this is incredibly bullish for Bitcoin and what this could mean for a new uptrend taking hold.

Bitcoin Whales Buy The Blood As Small Time Investors Panic Sell At a Loss

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The crypto market has been on fire in 2020, and although other crypto assets have outperformed Bitcoin, it too has done well for itself.

Bitcoin remains the most profitable mainstream investment of the year next to gold, stocks, and anything else. But a recent over $2,000 crash turned the ultra greedy market into a fearful one.

Related Reading | This Accumulation Pattern Suggests Bulls Are On The Right Side Of Bitcoin

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