5 key reasons why Bitcoin will likely see new all-time highs soon
The price of (BTC) has been under severe selling pressure by whales for the past two months, on-chain data reveals.
However, five key indicators suggest that major sellers are about to turn into hodlers or even accumulators of Bitcoin again, while institutional demand remains high. This is an explosive setup that may send Bitcoin to new all-time highs in the near term.
Whales stopped selling
Long-term hodlers selling Bitcoin are slowing down
Miners have turned into Bitcoin accumulators again
Institutional demand remains high
Weekly ascending triangle close to a break
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