Bitcoin (BTC) price declined to $99,381, with $98,000 as critical support.
Bitcoin supply on exchanges dropped to a multi-year low, supporting long-term bullish sentiment.
Bitcoin price has dropped to $99,381, reflecting a 1.95% decline in the last 4 hours. Its market cap now stands at $1.97 trillion, maintaining a market cap-to-volume ratio of 2.03%. Trading volume has surged by an impressive 88.19% in the last 24 hours, reaching $40.65 billion.
This sharp increase in volume indicates heightened trader activity and potential volatility in the market. In the past year, Bitcoin wallets holding at least $100 have grown by 25%, surpassing 30 million. Additionally, Bitcoin held on exchanges has dropped to 2.3 million, the lowest in years.
What’s Next For BTC?
Bitcoin faces a significant resistance level at $104,680. If the price breaks above this threshold, the next target could be $110,000, signaling a recovery phase. On the downside, Bitcoin is approaching a crucial su
We współpracy z: https://thenewscrypto.com/bears-pressure-bitcoin-price-while-long-term-holders-accumulate/
