Bitcoin price prediction – Tracing BTC’s path to its mid-term target of $75000
Things might have changed for Bitcoin [BTC] after the completion of its 4th halving. However, in terms of its price, the more things change, more they remain the same. AMBCrypto came to this conclusion after tracking its coin transfers to derivative exchanges. According to data from CryptoQuant, the number of BTC sent to derivative exchanges has increased significantly.
Specifically, we observed that this has been the handwork of whales. Historically, when this happens at a fast rate, it implies that whales are preparing to open long Bitcoin positions.
