Bitcoin [BTC] finds itself at a crucial juncture now with only a few hours left for the much-anticipated 4th halving. However, according to..
A shake-up may be imminent depending on how Bitcoin treats its holders. Here’s what’s coming after the halving…finds itself at a crucial juncture now with only a few hours left for the much-anticipated 4th halving. However, according to data from IntoTheBlock, almost 10% of BTC holders are at a loss right now.
To ascertain this possibility, we checked the coin’s volatility using the on-chain analytics platform Santiment. At press time, the At press time, Bitcoin’s volatility was not as high as it was on 14 and 16 April though. Ergo, if the metric hits any of those points, then the coin might record massive price swings on the charts.If selling pressure increases, then a decline to $56,000 will be possible. However, a surge in buying pressure could change the forecast, and place BTC on a trajectory north.In the meantime, we found that Short Term Holder supply has been increasing.
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