After rocketing through $37,000 early Wednesday afternoon and testing resistance at $38k multiple times in the hours that followed, Bitcoin (BTC) was giving up some of its near-term gains on Thursday, as many traders chose to pocket their profits for Thanksgiving, but was still holding above $37k. Crypto Myths noted on X that much of the selling pressure for the top crypto was coming from short-term hodlers selling their BTC back to the exchanges after the definitive break above $37,000. Market analyst Crypto Tony wrote that traders should view everything below $40k as part of Bitcoin’s consolidation phase ahead of ... (full story)