BITCOIN

Is #BTC☀ at risk? This group may cause BTC’s price to drop

Bitcoin’s next major support level, according to liquidity maps, lies at $63,050. Will this lead to steeper declines?

The rise in market inflation indicated that BTC holders were selling some of their assets.

Data showed that the price could rise toward $72,000 before a major correction.

If the signals AMBCrypto got from Glassnode’s on-chain data are anything to go by, Bitcoin [BTC] could be set for a significant price decrease.

Leading this prediction is the LTH Market Inflation Rate. LTH stands for Long Term Holders in the market.

The LTH Market Inflation Rate uses the level of accumulation or distribution to determine Bitcoin’s next direction.

However, two lines exist on this chart, as shown below. Green represents the market inflation rate, while the manila color indicates the nominal inflation rate.