Bitcoin UPS BTC CryptoQuant Bitcoin

How 39,000 Bitcoin re-entering exchanges impact its bull run

Reading now: 139

Bitcoin is consolidating at a range above $55,000 since recovering from the 26 November slump. Over the past few days, there hasn’t been any form of structural break indicative of a bearish bias.

But an interesting on-chain development is suggestive of a possible dire situation.While Bitcoin remained at $56,460, the likelihood of a breakout is high, but surprisingly the direction is still uncertain.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News