Large accumulation of BTC over the past weeks had a notable influence on the coin’s resurgence above $18,000.
Fear reduced in the broader market, but a $20,000 projection seemed like a challenging target in the short term.powered through doubts and rose above $18,000 to continue its excellent new year performance. The coin, which has enjoyed a consistent uptick for about a week, produced a 4.05% increase to achieve the milestone. According toIs your portfolio green? Check out theGlassnode’s data established that the feat might have been inconceivable without the series of considerable accumulation since BTC traded around $16,500. The on-chain analytic platform noted that the acquisition continued until the price reached $18,200.This has helped return 13% of the coin’s circulation supply into gains.
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