Analyzing Bitcoin’s price move: here’s how to look at ongoing market correction

Analyzing Bitcoin's [BTC] price move: here's how to look at ongoing market correction

-Bitcoin experienced a price decline after hitting $30,000, leading to speculations about its future trend.

However, the volume metric indicated regular activity since then, and during this time, BTC crossed the $30,000 mark.BTC’s 24-hour active address metric showed regular activity, except for spikes on 14 March and 12 April, which correlated with price movements. As of this writing, there was a noticeable decrease in the number of investors holding the coin as the price slightly declined.A price decline could be observed when viewing on a daily timeframe chart. As of this writing, it was trading at approximately $29,900, representing a loss of over 1.5%.

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