Auto Added by WPeMatico

Are A Few Bitcoin Sellers Preventing A New Rally Right Now?

The latest Bitcoin news show that BTC is quite idle as it enters no man’s land. However, on-chain analytics suggest that there are a few Bitcoin sellers that are preventing a rally right now as they are holding their amounts of BTC. A top analyst covered this in an analysis, noting that neither his bull nor bear case has been confirmed. Chances are that this consolidation will resolve upward. The new analysis also suggests that there is little on-chain resistance that is stopping BTC from rallying to new local highs and even beyond that. Recent data from WhaleMap, which was…

Continue Reading Are A Few Bitcoin Sellers Preventing A New Rally Right Now?

End of content

No more pages to load