glassnode: Bitcoin Needs Stronger Buying Pressure to Establish Lasting Support
According to Foresight News, glassnode analysis shows that during Bitcoin’s rebound from $112,000 to $114,000, approximately 120,000 BTC were purchased. However, supply in the $110,000 to $116,000 range remains scarce, indicating that stronger buying pressure is needed to establish lasting support.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Titomic wins US$5 million U.S. Air Force contract for cold spray system at Tinker AFB
European streaming competition intensifies as Comcast and Paramount consider shutting down their joint platform SkyShowtime
NBCUniversal, a subsidiary of Comcast, and Paramount are considering gradually shutting down their joint streaming platform SkyShowtime, which offers series and movie streaming services in the European market.
Spot gold price surpasses $4300 per ounce, sees slight intraday increase
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
