时间:2024-03-03|浏览:223
The data from the glassnode suggests the recent surges at $40,000 and $50,000 milestones witnessed less intensity, with a single-day profit taking at $3.2 billion lower than 2021 peaks of $4 to $5 billion. This suggests the investors and the institutions are still holding regardless of the recent bullish price action, as they expect a larger profit in the coming days.
What’s next? When will the BTC price trigger a healthy upswing?
The BTC price looks ready for the next leg, as the funding appears to have been normalised while the rates for altcoins are pretty high. The price is consolidating within a narrow range, as it was around $50,000 to $52,000 for over 10 days in the previous month. Therefore, the Bitcoin (BTC) price is believed to consolidate between $61,000 and $63,000 for some time ahead, which may trigger a fresh bullish push beyond $70,000 in the coming weeks.