After hitting its all-time high of $69,000 earlier this week, the world’s largest cryptocurrency Bitcoin has been moving sideways.
Another popular journalist Colin Wu explains that short-term holders resolved to profit-booking on Friday pushing the BTC price to a low of $62,300.
BTC fell to $62,300 last night.
The Bitcoin price is still trading 5% up since the beginning of November and is trading up nearly 10% on the monthly charts.