The trend of more of the older wallets that held bitcoin from its early days coming out of the woodwork could continue, as they might be able to bag massive profits at current price levels. Such moves could limit any additional price upside, even though some traders are still optimistic that bitcoin could reach $100,000—a key psychological level of resistance—by year-end.
First Mover Americas: Bitcoin Trades Around $91K as ETF Inflows Remain Strong
November 16, 2024
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