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Bitcoin Share
Coin Edition 2025-02-07 07:35:00

Bitcoin Sees Market Shift as 20,000 BTC Exit Long-Term Holder Wallets

Bitcoin Sees Market Shift as 20,000 BTC Exit Long-Term Holder Wallets

Bitcoin trades at $97,314, holding above key support as 20,000 BTC exit long-term holder wallets. RSI at 45.64 and MACD bearish, signaling neutral to slight downside momentum unless BTC reclaims $99K. Key resistance at $102,400, with a breakout potentially driving BTC toward $108,000 in the near term. Bitcoin’s market dynamics is experiencing notable fluctuations as over 20,000 BTC have moved out of long-term holder wallets within the past 96 hours. Historically, such transactions signal potential shifts in investor sentiment, as long-term holders are typically viewed as stabilizing forces in the crypto market. The withdrawal of a substantial amount of Bitcoin raises questions about whether it marks the beginning of a broader trend or isolated selling pressure. Bitcoin Price: Stuck in a Range Bitcoin (BTC) is trading at $97,314.78, showing a 0.78% daily gain. It has moved within a narrow range, hitting a 24-hour high of $97,879.28 and a low of $97,160.42. While the market sentiment remains moderately bullish, BTC faces resistance at $102,433.41, with stronger resistance forming near $108,458.84. If Bitcoin breaks past these levels, a rally could … The post Bitcoin Sees Market Shift as 20,000 BTC Exit Long-Term Holder Wallets appeared first on Coin Edition .

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