In this article we try to explain the reason why Bitcoin cannot surpass its all-time high in 2024.
The price of Bitcoin (BTC) fell today to $65,000 (USD), sharpening last week’s retreat, which exhibits greater supply. “Who the hell is selling?”, questioned the renowned analyst Willy Woo in this context.
Investors in Bitcoin exchange-traded funds (ETFs) in the United States ended the last week with outflows of $580 million. This comes after they recorded four consecutive weeks of capital inflows, as seen below.