Bitcoin Analyst Sees “Accumulation Signals” as Price Eyes Breakout
The Bitcoin price expects to grow higher in the coming sessions as a historically accurate indicator flashes signs of substantial accumulation. Spotted by TradingShot, an independent market analysis portal, the “on-chain smart money indicator” shows that influential traders/investors are buying Bitcoin en masse. That is happening despite the cryptocurrency’s inability to sustain above $12,000. It, therefore, indicates strong support at $10,000, a level Bitcoin has held since late July 2020. “This is a bullish sign […]
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