Bitcoin at Historical Buyback
Bitcoin reserves have fallen to an unprecedented minimum, creating a strong shortage of coins and positively impacting the asset's price.
A sharp and simultaneously strong market buyback has begun, serving as a good driver for further growth.
Interestingly, this happened in just a week.
The market sentiment completely changed in a couple of days.
Yes, earlier there were expectations for a deeper correction. However, thanks to the news background (the establishment of economic relations between China and the USA), the breakthrough of important resistance levels, and a sharp increase in buyback volumes, market expectations have shifted to the upside. Considering the current market components, the upward trend should continue in the medium term. But do not confuse this with the local structure, where we have an open gap at the level of $91,900, which is asking to be closed in the near future.
