While demand for Bitcoin remains high, current profit-taking behavior suggests that the market may be on the verge of turning bearish.
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While demand for Bitcoin remains high, current profit-taking behavior suggests that the market may be on the verge of turning bearish.
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Bitcoin is retesting a key support level at $44K-$45K for the third time in the past week.
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Despite on-chain metrics indicating Bitcoin investors will soon face losses, Glassnode believes BTC is ready to bounce.
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Glassnode’s Rafael Shultze-Kraft has shared several on-chain metrics that he believes suggest Bitcoin will comfortably charge into six-figure price-thresholds in future.
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