Bitcoin’s price has been exhibiting silent price action following an attempt to surpass its all-time high of $73.7K, resulting in a period of low-volatility sideways consolidation.
This led to a renewed bullish surge towards the $72K resistance region. However, the price failed to breach this crucial resistance zone and faced rejection, subsequently entering a sideways consolidation stage with minimal volatility. However, upon reaching the $72K threshold, the price encountered substantial selling pressure, halting its upward momentum.
The recent peak in Coin Days Destroyed, observed with a 30-day moving average, stands at 23.2 million. This indicates substantial movement of Bitcoin that had been dormant for an extended period, reminiscent of the patterns observed during the bullish phases of 2017 and 2021.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »