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Bitcoin price analysis sees ‘strong rally’ as old coins become dormant

Published Source: CoinTelegraphRead original

Crypto Insight Summary: A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer points to the ‘early stages’ of a bull market, analysis says. Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Rising dormant-coin supply suggests reduced selling and early bull-market conditions, but the news is only an analysis.

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Bitcoin price analysis sees ‘strong rally’ as old coins become dormant — Crypto Insight