Despite a recent cooling of inflation in the United States, Bitcoin continues to encounter significant selling pressure. Crypto analyst Doctor Profit suggests that Bitcoin’s price may be approaching a local bottom. The MVRV indicator points to a potential price fluctuation range between $68,000 and $74,000. As traders analyze the situation, many are curious about BTC’s next movements. Recent trends show a market grappling with uncertainty, which has been prevalent in recent months. As investors monitor price volatility closely, they recognize that understanding these signals is crucial for strategic trading. The looming question remains: can Bitcoin recover and maintain its value or are we in for more turbulence? The post Bitcoin Faces Selling Pressure Even as US Inflation Eases What Lies Ahead for BTC appears first on Entreprenerdly.com.