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Bitcoin (BTC) Exchange Supply At 5-Year Low Indicates Bullishness Ahead

Bitcoin (BTC) Exchange Supply At 5-Year Low Indicates Bullishness Ahead

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Earlier this week on Monday, July 24, the world’s largest cryptocurrency Bitcoin (BTC) saw some selling pressure with the BTC price now hovering around $29,000. The Bitcoin price has broken under the support of $29,872 with the next support zone at $27,500. Despite this weakness in the BTC price, some on-chain indicators point out the

The post Bitcoin (BTC) Exchange Supply At 5-Year Low Indicates Bullishness Ahead appeared first on CoinGape.

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Coins

$ 64.02K

+0.38%

$ 1.58

$ 0.000161

$ 0.000617

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In This News

Coins

$ 64.02K

+0.38%

$ 1.58

$ 0.000161

$ 0.000617

Predictions Markets

See what traders are focused on

View analytics →
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Bitcoin’s short-term holders remain 15% underwater—but selling pressure is easing

Bitcoin’s short-term holders remain 15% underwater—but selling pressure is easing

A reclaim of the $71k level would be a notable confirmation of a bullish pivot.
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James Check, Bitcoin şirketlerinde büyük tasfiye bekliyor

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