Investors remain terrified of trading BTC despite a possible bullish breakout. Altcoins dominated the market in the first week of 2023; although on-chain signals protected a BTC market balance. The antics of Bitcoin [BTC] over the last few months have been swindled in unpredictability, leading many investors torn between aping into “opportunities” or anticipating another […]
sooner than expected. Hančar, who published his analysis on the market data platform, cited the exchange depositing transactions hitting a four-year low as one of his reasons.
Based on his analysis, the BB exhibited intense contraction, which has never been the case. Hence, this position could bring about a breakout and significant uptick.
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