Bitcoin on a bullish streak in January 2023: All that’s positive for the king coin so far

Bitcoin may shortly match its historic 15-day winning streak if its upward price trend persisted. Around the $21,450 and $21,500 levels, Bitcoin appeared to come up against a significant obstacle. If its upward price trend continues, the first cryptocurrency in the world, Bitcoin [BTC], will soon match its historic 15-day winning run. The longest price […]

In addition, as the price of the leading cryptocurrency soared from the $16,000 level seen on December 2022 to its $21,000 press time mark, major investors of Bitcoin gathered $4.4 billion worth of the asset.first to start stockpiling

Then, as the price of the cryptocurrency recovered to trade at $18,000 over the following eight weeks, smaller Bitcoin whales bought about 67,000 BTC, amounting to more than $1.4 billion. The price of the cryptocurrency then rose to $21,000 as larger whales gathered 37,100 $BTC—worth more than $800 million at the time of writing—in just 10 days.

The price of bitcoin may continue to decline if it was unable to overcome the $21,500 resistance. On the downside, there is near-immediate support in the $21,100 region.

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