🔥🔥🔥What is the Technical Outlook After Bitcoin Price Exceeds $123,000? Analytics Company Shares What to Expect Next🔥🔥🔥
Cryptocurrency analysis firm CryptoQuant has published a striking analysis of on-chain data after Bitcoin reached a new all-time high of $123,000.
According to the analysis, immediately following this historic peak, there was a significant increase in Bitcoin inflows to centralized exchanges. This movement was believed to reflect profit-taking by short-term investors and some whales.
CryptoQuant's exchange net flow data suggests that such sudden inflows typically signal local peaks and suggest a healthy correction or consolidation may follow in the coming days. The company claimed this pattern has been repeated after past parabolic rallies..