Analyst: Chinese New Year could drive Bitcoin selling pressure
The upcoming Chinese New Year holidays on Feb. 12 could have an indirect impact on the (BTC) price and drive sell-offs on the market, according to a recent analysis.
Per a Jan. 28 report by cryptocurrency investment firm Stack Funds, the ongoing selling pressure on the Bitcoin price is likely to continue in the short term due to Asian miners increasingly offloading their funds amid the upcoming week-long holiday.
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