#Bitcoin Exchange Withdrawals Largest Since November 2022
On-chain data shows that#BTCexchange withdrawals are increasing - all three moving averages 30, 50, and 100 days show this.
This is the largest Bitcoin withdrawal from exchanges since November 2022
What do you think of this prediction?
- This is the prediction from #Bitbo. They use the DMA1458 and DMA200, to make the following prediction:
- The price of #Bitcoin will reach its first peak of $298k in March 2025.
- The second peak is $317k in October 2025.
- Then it falls to $77k in November 2026.
- Return to the old peak of $300k in February 2028.
(Current time is October 3, 2024, price #Bitcoin #Bitcoin ).
=> If their prediction is correct, this is the last downward adjustment. Before increasing to $85k in November 2024 and $172k in December 2024.
Note: This is not my opinion, but just a reinterpretation of #Bitbo's analysis for your reference.
