BeInCrypto Brasil
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Bitcoin (BTC) Forecast: is the currency heading towards $100,000?
The leading cryptocurrency Bitcoin (BTC) has surpassed the psychological barrier of $95,000 on Thursday (1), driven by renewed confidence among long-term investors.
With important on-chain metrics indicating a slowdown in inflows to exchanges, the currency may soon recover the price mark of $100,000.
BTC ready for more gains with few sales and increasing demand
According to on-chain data from CryptoQuant, the number of unique wallet addresses sending BTC to exchanges has dropped to its lowest level since 2017. Currently, there are 19,282 addresses, a decrease of over 60% in the last month.
With important on-chain metrics indicating a slowdown in inflows to exchanges, the currency may soon recover the price mark of $100,000.
BTC ready for more gains with few sales and increasing demand
According to on-chain data from CryptoQuant, the number of unique wallet addresses sending BTC to exchanges has dropped to its lowest level since 2017. Currently, there are 19,282 addresses, a decrease of over 60% in the last month.
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