Bitcoin [BTC] traders looking forward to making money can go...
ut the metric has recently seen a sharp rise. This can be regarded as a consequence of the latest bull charge.
The question is whether it will stay over this threshold or drop below this line again. Meanwhile, interesting activity has been detected from the whales’ end.As Bitcoin prices fell hard along the first half of 2022, whales have steadily begun accumulating., whales have increased in the number of 1k and 10k BTC ownership.
This could mean a turnaround in mid-to-long term cycles as whale accumulation suggests an attractive entry point for retail traders.Amidst the falling prices and whale movements, BTC continues to be at a decisive juncture.At press time, the king coin was trading at just below $21,200 after falling down 3% over the last day. The volume as of this writing was following a downward trajectory.
Looking at the price indicators, one can clearly understand that BTC’s fall to the $20k level is imminent. Traders, therefore, can take this opportunity to go short.Subscribe to get it daily in your inbox.
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