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Bitcoin Miner Selling Pressure Falling, Will BTC Find Support At $60,000?

  • Bitcoin is approaching the psychological support at $60,000 after a sell-off.
  • Bitcoin miners have been reducing their liquidation activities and slowing down coin transfers to exchanges.
  • Reduced selling pressure from miners may support prices and indicates their expectation of price recovery.
  • Short-term holders reducing their supply could help BTC find support at $60,000, while further selling may push it below $57,000.

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