Time to retest $30,000? Bitcoin cools into the weekend.
Trader and analyst Rekt Capital was also convinced about upside continuation as the ultimate result,BTC/USD annotated chart. Source: Rekt Capital/ TwitterThe trip above $30,000 meanwhile sparked some"unsurprising" shifts in wallet dynamics.The number of BTC addresses in profit hit 16-month highs on April 14, according to data from on-chain analytics firm Glassnode.
At over 33 million, in-profit addresses thus neared their 38 million tally from November 2021, when BTC/USD hit its current all-time high of $69,000. Trading suite Decentrader nonetheless struck a more cautionary tone as it revealed large-balance wallet numbers declining.noted"Wallets holding >100btc saw a very significant drop of 200, virtually overnight. The increase we saw in December has now been reversed entirely."1,000+ BTC wallet numbers remaining steady through the return to $30,000.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Francisco’s Spring Restaurant Week offers deals at 200 restaurantsApril 14-23 promotion with lunches starting at $10, three-course dinners from $30 to $75
Read more »
Bitcoin (BTC) Might Reach $32,000 Based on This Chart Validation PatternThis chart pattern suggests bullish outlook for Bitcoin (BTC) with $32K within reach BTC $BTC
Read more »
UK forms Bitcoin Policy org to boost BTC education and adoptionThe newly formed United Kingdom Bitcoin Policy Organization has its work cut out to catch up on the hash rate with the United States.
Read more »
Bitcoin derivatives data shows bulls positioning for further BTC price upsideThis week’s CPI and PPI report show U.S. inflation continuing to drop and even though investors are expecting a recession by 2024, Bitcoin price continues to press higher. noshitcoins explains.
Read more »
Bitcoin (BTC) May Be in for Short-Term Price Correction, Analyst WarnsPotential brief price correction looms for Bitcoin, crypto analysts believe. $BTC ali_charts CryptoMichNL adam3us
Read more »
BTC price targets see $33K next as Bitcoin eyes key resistance flipBitcoin analysts hope that $33,000 will be the next BTC price target.
Read more »