Bitcoin faced intense selling pressure last week, but a positive sign is that lower levels near $61,000 witnessed solid buying by the bulls. This suggests that the sentiment remains positive, and traders are viewing the dips as a buying opportunity. However, the selling may not be over yet. Markus Thielen, the head of research at 10x Research, said in a recent note that Bitcoin miners may offload $5 billion worth of Bitcoin over the four to six months post Bitcoin halving. That may keep Bitcoin “sideways for the next few months,” Thielen added. A sideways market usually traps both the bulls and the bears by giving ... (full story)