Bitcoin Price Recovery will Be Confirmed Only If BTC sustains $27k
As per on-chain data, the trading volumes have sustain ed, even a day after Tuesday’s pump. On-chain data provider Santiment explains that trading activity remains substantial following the recent price increases across the cryptocurrency market. advertisement Notably, there is a significant resurgence of trader attention on Bitcoin. If Bitcoin maintains its current range between $27,000 and $28,000, the situation should stabilize. However, if the price deviates beyond this range, increased volatility is probable. courtesy: Santiment Large holders in the cryptocurrency space, often referred to as whales and sharks, might have had insights about the Grayscale and SEC legal case’s result. On the day prior to the news, wallets holding 10,000 to 10,000 Bitcoin (BTC) collectively acquired around $388.3 million worth of BTC. Watch Out for Bitcoin Technical Indicators Over the last few weeks, Bitcoin has been showing weakness on the technical charts...