Back to the list

88% of the Bitcoin Supply Already In Profit, Is BTC Price Bottom Already In?

source-logo  coingape.com 22 April 2024 07:46, UTC

Bitcoin (BTC) staged a strong recovery over the last weekend shooting all the way to $66,000 after facing some selling pressure last week. Analysts are clearly watching as to in which direction the Bitcoin price would see a formidable momentum ahead. However, a large part of the Bitcoin supply is still in profit, which puts some pressure on the upside from here.