Bitcoin (BTC) reached $30,000 in the middle of the week. The subsequent decline in the value of the cryptocurrency was the result of profit taking.
After jumping above $30,000, the number of cryptocurrency sales transactions on the network rose. The number of profitable transactions was higher than unprofitable ones by about two times, Santiment said.
Experts doubt that bitcoin will be able to overcome the pressure above $30,000 in the coming weeks.