Bitcoin is making a noteworthy comeback!
The digital currency is eyeing the $45,000 mark as a renewed buying power is evident in the market. #Bitcoin's supply on exchanges has been declining since the approval of the #ETFs. This decrease in supply often signals a drop in selling pressure, hinting at a potential price recovery.
Now, here's something interesting - the stablecoin supply, especially #Tether (USDT), is on the rise on exchanges. This is a positive sign, suggesting that there's more buying power waiting to jump into the market. Think of it as more fuel waiting to be added to the #BTC rally. While Bitcoin's price is showing signs of recovery, reaching above $43,000, Overall the market's showing signs of bullish behavior but we'd wait for consolidation above 43,5k on the daily time frame as a confirmation of the rally. Where do you think BTC goes from here?
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