Bitcoin Market Strength Could Be More Than It Appears, Research Shows
Bitcoin Market Strength Could Be More Than It Appears, Research Shows
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Despite struggling to break above $116,000 and consolidating around $110,000, recent on-chain analysis indicates a promising outlook for Bitcoin, suggesting its underlying market strength may be greater than current price action implies.
Over the past two weeks, the world’s leading cryptocurrency has struggled to break definitively above the $116,000 price mark while also testing the $106,000 support. As Bitcoin consolidates around $110,000, the latest on-chain analysis suggests an exciting outlook despite the recent price struggles. Related Reading: Bitcoin And Gold Are Two Phases Of The Same Monetary [...].