JUST IN!!!! 🐻
92% of Bitcoin investors are in profit, but is a crash coming next?
Bitcoin might be due a price correction soon, but will that happen now?
Over 92% of Bitcoin investors were in profit as it crossed $66k on the charts
A sustained rally could push BTC to an ATH
Bitcoin [BTC] has been comfortably moving north lately, with the cryptocurrency managing to climb above $66k again. Now, while this pointed to an optimistic turn for the king coin, the market might soon take a U turn in the coming days.
This could be the case, especially as a multi-year bearish pattern appeared on BTC’s chart.
Bitcoin sees danger ahead 💥💥
AMBCrypto reported previously that the cryptocurrency had crossed its long-term moving average, breaking key resistance levels. Thanks to that, BTC’s price rallied above $66k on the charts.
After it crossed $66k, more than 49 million BTC addresses were in profit, which accounted for over 92% of the total number of BTC addresses.
Is BTC awaiting a correction?
