Whale activity decides the direction in which Bitcoin’s price moves. This may not be entirely true, however, in the event of a flash crash or price drop, this has the biggest influence on price. The supports and resistances using on-chain metrics data suggest that Bitcoin’s price may continue dropping further, below the $30000 level. However, the dropping exchange reserves support the bullish narrative. Based on data from CryptoQuant, Bitcoin exchange reserves have dropped further this week. https://ambcrypto.com/bitcoins-price-are-these-metrics-the-deciding-factor-this-week/
10Upvotes
thumb_upthumb_downchat_bubble

More from Cryptocurrencies Agency ✅

More from Cryptocurrencies Agency ✅