Those who accumulated are heading towards 50k 🚀
What other currency do you think would be good to accumulate..... I think UMA and you?
See original
Bitcoin (BTC) on an upward momentum, is approaching $48,000, driven by reducing selling pressure from miners. Despite the decline in mining profitability, selling pressure remains moderate. Whales are actively accumulating Bitcoin, strengthening its bullish trend.
This improvement is attributed to the reduction in miners' daily sales, reflecting a strategic shift towards BTC accumulation. Additionally, the reduction in transactions and the use of Taproot addresses has led to a significant decrease in Bitcoin transaction fees.
The growing whale interest is reflected in significant movements such as Binance withdrawals worth $118 million. These factors have contributed to Bitcoin reaching $47,000, up 3.61% in the last 24 hours.
Renowned analyst PlanB suggests that given the current trend above historically realized price levels, Bitcoin could remain above $40,000.
At the time of this publication, Bitcoin is trading at $47,237.07. Given this situation, the question arises:
Is it time to start accumulating Bitcoin?
Leave your opinion in the comments, you help me a lot to continue publishing cryptocurrency notes so you have an additional opinion on what to do when investing.
#Write2Earn
This improvement is attributed to the reduction in miners' daily sales, reflecting a strategic shift towards BTC accumulation. Additionally, the reduction in transactions and the use of Taproot addresses has led to a significant decrease in Bitcoin transaction fees.
The growing whale interest is reflected in significant movements such as Binance withdrawals worth $118 million. These factors have contributed to Bitcoin reaching $47,000, up 3.61% in the last 24 hours.
Renowned analyst PlanB suggests that given the current trend above historically realized price levels, Bitcoin could remain above $40,000.
At the time of this publication, Bitcoin is trading at $47,237.07. Given this situation, the question arises:
Is it time to start accumulating Bitcoin?
Leave your opinion in the comments, you help me a lot to continue publishing cryptocurrency notes so you have an additional opinion on what to do when investing.
#Write2Earn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
UMA
2.796
+3.40%
Replies 0