The post Deciphering Bitcoin’s Triple Top: A Pre-Halving Price Analysis appeared first on Coinpedia Fintech News
Bitcoin (BTC) price has continued to signal short-term weaknesses despite the notable rise in demand from institutional investors. Heightened profit-taking from short-term holders has reduced the bullish momentum in the past few days. Furthermore, the on-chain analysis provided by Santiment shows that Bitcoin account holders with less than 1 BTC have dropped by 510,000 in the past 30 days.
However, Bitcoin account holders with more than 1k units have increased by 147 more in the past four weeks. The approval of spot Bitcoin exchange-traded funds (ETFs) in the United States has helped increase the cash inflow to the Bitcoin industry.
Bitcoin Key Liquidity Levels
#Bitcoin Update:$BTC still trading in Parallel channel or bull flag channel.
Still waiting for the breakout.
Upside breakout: $52800Downside breakout: $50800
keep an eye on these levels. pic.twitter.
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