Bitcoin’s price has been climbing steadily since breaking its previous record. This has made market participants wonder how much further Bitcoin is likely to rally before experiencing a correction.
A likely short-term target for the crypto market leader is the psychological resistance level of $75K. With Bitcoin’s price trading at all-time highs and approaching the $75K level, many market participants might be tempted to realize some profits. Miners are the most vital cohort in the Bitcoin network, so analyzing whether they are offloading their coins at a significant rate can offer valuable clues.
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