On-chain data suggests accumulation — $BTC supply on exchanges hitting multi-year lows
Exchange balances for $BTC keep draining. Historically this preceded major moves. Not financial advice, just sharing the data.
Everything the Traderforum community is saying about $BTC (Bitcoin). Real ideas, analysis and live bull/bear sentiment — free and open.
Exchange balances for $BTC keep draining. Historically this preceded major moves. Not financial advice, just sharing the data.
$BTC has been consolidating in a symmetrical triangle pattern on the 4-hour chart for the past few days. A break above $30,500 or below $29,500 could dictate the next major move. RSI is neutral, suggesting a volatile breakout is possible.
$BTC hovering around $68k-$70k. ETF inflows are slowing a bit, but macro sentiment feels constructive. Where do we head next week?
With FOMC minutes and CPI data ahead, alongside continued ETF activity, what do you think will be the primary catalyst for $BTC price action?