Chinese New Year could drive Bitcoin selling pressure

[Rakin343]

Stack Funds’ analysis suggests that Bitcoin’s floor price has yet to be found as the Chinese New Year approaches.
The upcoming Chinese New Year holidays on Feb. 12 could have an indirect impact on Bitcoin's (BTC) price and drive sell-offs on the market, according to a recent analysis.

Per a Thursday report by cryptocurrency investment firm Stack Funds, the ongoing selling pressure on Bitcoin's price is likely to continue in the short term due to Asian miners increasingly offloading their funds amid the upcoming week-long holiday. more info