Prospects for Bitcoin in relation to the March peak

Analysts from CryptoQuant suggested that the current price of Bitcoin at 70,000$ is very different from what we saw in March of this year before the local correction. Bitcoin is now in a better position relative to its March peak.

They explain this phenomenon by the low percentage of unrealized profits of short-term coin holders. If in March before the fall this figure was 69%, now it has dropped significantly to 3%. That is why the pressure on the coin price from sellers is now several times lower than it was in March, which means the prospects for delivering ATH in the near future are also increasing#Bitcoin