LIVEBTC Daily Trend Update
Globally speaking, $BTC has been actively collecting value over the past three months inside a sizable re-accumulation range.
During this time, the entire balance on exchanges dropped by 170,000 $BTC, or almost $12 billion, and this trend has been accelerating recently. The main idea could be that $BTC is still stuck in a relatively limited flat trend, ranging from about $67K to about $72K.
Prospects for a breakthrough and continuation of global expansion are favourable for a squeeze to the upper limit of the global accumulation range.It's hard to predict when the breakthrough will happen.
However, the primary growth prediction is likely to decline in the fall, coinciding with US elections. Up till now, there might be fictitious breakouts or the accumulation continuing down to $60K.
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