Will Bitcoin hit $32,500 this month?

A leading on chain analyst from glass code James Check gave awesome insights into what to expect based on his on chain analysis.

1) Bitcoin prices has been consolidating for some time now. Trading volume is lower than usual is low, and in past situations this always leads to a price surge upwards.

2) Long term holders are really not doing much in the market and their Bitcoin is sitting in their wallet without any intention of selling which means only one thing: The Short Term Holders are in charge

3) Short Term Holders are the ones that will be the driving force of whether the market would switch to an uptrend or downtrend.

On average many short term holders bought Bitcoin at around $26,500 which means short term holders are Uncertain which could result in an incoming downtrend #bitcoin