4 Chain Measures Suggest Bitcoin Price Rally Won’t Stop At $ 16,000 – Cointelegraph
After rejecting at $ 15,960 on November 6, the Bitcoin (BTC) price defended the $ 15,000 support level with force. Based on four on-chain data points, analysts believe the rally could continue beyond $ 16,000. Analysts identified weaker Bitcoin foreign exchange reserves, a steadfast supply, an increase in “stronger hands” and unrealized profits as factors […]
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