‘Sustained institutional buying’ will hold Bitcoin above $50K: CrossTower By Cointelegraph

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‘Sustained institutional buying’ will hold Bitcoin above $50K: CrossTower

In a report shared with Cointelegraph, institutional crypto trading platform CrossTower asserts that large investors will not let (BTC) fall back below $50,000.

According to the report, addresses holding over 1,000 BTC rose to record highs in January on the heels of sizable retracements — evidencing strong dip-buying from whales despite the relatively high price of Bitcoin.