BeInCrypto Brasil
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Bitcoin Forecast: whales sell while retail arrives late
The tug of war between optimistic and pessimistic Bitcoin investors since the asset hit its all-time high of $122,054 on July 14 has kept prices largely stable.
In the past week, BTC faced resistance at $116,952 while finding support at $111,855, reflecting a market struggling to choose a direction. With uncertainty increasing, signs are beginning to emerge that the optimistic phase may be nearing its end.
In a recent report, the pseudonymous analyst from CryptoQuant, Arab Chain, highlighted that the main coin BTC may be approaching the final phase of its current optimistic cycle. The main warning sign: a sustained influx of coins from large investors into Binance.
In the past week, BTC faced resistance at $116,952 while finding support at $111,855, reflecting a market struggling to choose a direction. With uncertainty increasing, signs are beginning to emerge that the optimistic phase may be nearing its end.
In a recent report, the pseudonymous analyst from CryptoQuant, Arab Chain, highlighted that the main coin BTC may be approaching the final phase of its current optimistic cycle. The main warning sign: a sustained influx of coins from large investors into Binance.
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