Long-Term Bitcoin Investors Hold Steady Despite $2,000+ Plunge

[Lenipiw]

After a prolonged period of stability and sideways trading within the $11,000 region, Bitcoin finally witnessed an influx of selling pressure that put an end to this consolidation.

This caused the cryptocurrency to plummet down to lows of $9,900 earlier today, at which point buyers stepped up and slowed its descent.

From here on out, where it trends in the near-term should depend largely on whether or not the $10,000 region is defended.
Visit Here: https://www.newsbtc.com/2020/09/05/data-long-term-bitcoin-investors-hold-steady-despite-2000-plunge/

[Bobcrypto]

Any investors on the long term investment plans will always hold coins untill the desired time of maturity untill the investors time of sales is reach. However, there are some investors that are not courageous to hold when prices begin to plum down to certain price level, while some investors has the courage to hold at any price level conditions. It is a matter of different investment prices planned from among individuals investors, either to sell, if there is a high levels of price down ward trends or to remain resolute on their investment plans at any market conditions.

[highnayem34]

Data shows that a good portion of this selling pressure came from recent buyers who panic sold at a loss. These “top buyers” have now been flushed out, which may indicate that the bulk of this downside movement has already been completed.