BTC Reaches 13-Month High; Will Its Price Continue to Rise?
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- Santiment tweeted today that BTC broke above $31.5K for the first time since 1 June 2022.
- The intelligence firm revealed that mid-tier addresses are displaying positive signs of accumulation.
- At press time, BTC was trading at $31,359.44 following a 3.49% gain.
The blockchain intelligence firm Santiment noted in a tweet this morning that Bitcoin (BTC) reached $31.5K for the first time since 1 June 2022 over the past 24 hours. The post also revealed that mid-tier traders are showing better signs of accumulation than whale holders.
— Santiment (@santimentfeed) July 14, 2023
While eyes are on $XRP's huge run, #Bitcoin quietly broke out of its resistance and has breached $31.5k for the first time since June 1st, 2022. Other assets may have bigger returns, but don't overlook $BTC's significance & how its addresses fluctuate. https://t.co/rujTjKsVi8 pic.twitter.com/jKhK9V6opm
According to on-chain data, there has been a notable increase in the number of addresses holding between 0.1 to 100 BTC. Additionally, addresses holding 0 to 0.1 BTC have also experienced a rise over the past week. However, during this same time frame, the number of whale addresses, which …
The post BTC Reaches 13-Month High; Will Its Price Continue to Rise? appeared first on Coin Edition.
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