Bitcoin Price Analysis: BTC Could Rally Unless This Support Gives Way
Submitted by Anonymous (not verified) on Wed, 05/08/2024 - 07:20- Bitcoin price started a downside correction from the $65,500 zone against the US Dollar.
While Bitcoin continues to trade within the $60,000 to $70,000 range, a new wave of optimism is emerging from on-chain analysis.
On-chain data shows the Bitcoin long-term holders have finally cooled off their profit-taking after showing a wild selloff just earlier.
The Spot Bitcoin ETF market is currently experiencing a resurgence, marked by a second consecutive day of positive inflows totaling $217 million.
Grayscale Bitcoin Trust (GBTC), the world’s largest cryptocurrency investment vehicle, has experienced a notable influx of investor funds for the f
On-chain data shows the Bitcoin exchange inflow trend has been at its lowest in almost a decade recently, a sign that may be bullish for the asset.
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