Bitcoin has risen more than 17% in the past two weeks. During this time, the BTC exchange rate has strengthened despite regulatory pressure and financial turmoil in the U.S.
This morning bitcoin briefly rose above $29,000. However, it could not hold its position, and during the European session it fell to $28,600.
According to CryptoQuant, large investors took advantage of the surge to $29,000 and began fixing profits. As a result of activation of sellers, BTC may still sink in the next 24 hours.