BTC' holds steady at the $21K level despite an overbought RSI and another crypto bankruptcy. But where it heads next is up in the air. There are; however, some bullish indicators forming.
That signals increased demand for BTC and could be a tailwind for the Bitcoin price if the trend continues.Bitcoin whale addresses are also holding their BTC instead of scooping profits, which is another bullish indicator of the asset’s price. According to data from Glassnode, the amount of BTC addresses with 1,000 to 10,000 Bitcoins has held steady, slightly above 1,900, since the beginning of December.$58M worth of BTC off Binance.
That’s the last thing you might expect with the BTC price as low and uncertain as it has been for a year.They do this at great risk to their business model if the Bitcoin price is imperiled by market conditions. For that reason, miners who have been in business consistently hashing for years are considered some of the most intelligent participants in the crypto market.
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