Bitcoin price currently trades at $26,242 with dampened volatility. But things could change quickly, as indicated by these on-chain metrics that track
The recent crossover on September 17 suggests another rally in the works for BTC.Bitcoin price currently trades at $26,242 with dampened
Bitcoin price has been malleable to the short-term holder movements. A large spike in profits for short-term holders is almost always met by a correction in BTC. Likewise, a surge in short-term holders purchasing BTC could trigger an uptrend in the pioneer crypto. As seen in the chart below, the 1-day to 1-week UTXO band crossing above the 1-week to 1-month UTXO band has triggered a rally in Bitcoin price. The same has been true since the start of 2023.
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