The $70,000 level continues to be a major hurdle for bitcoin, but the latest data suggest that the world’s largest digital asset remains stable at the current price level and could initiate another leg up soon.
The range in question is particularly noteworthy as it includes over two million addresses that have collectively accumulated a substantial 1.1 million BTC.that the concentration of buying activity is indicative of a high level of interest and engagement among traders, creating a strong support level that has helped bitcoin sustain its current valuation despite market fluctuations.
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