Institution: Bitcoin falls as the largest corporate buyers' strategy shifts to net sellers.
In early Asian trading, Bitcoin fell by 0.2% to $61,966.47. Matteo Bottacini of Crypto Finance stated that Strategy, the world's largest holder of Bitcoin, has become a net seller of the cryptocurrency as the company needs to generate cash to pay dividends and other debts. From a technical perspective, Bitcoin is still in a range-bound trading pattern, with support around $58,000 and resistance between $62,000-64,000. Crypto Finance believes that a broader price structure of higher lows and lower highs indicates an upcoming consolidation period.
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