(BTC) has managed to remain above $27,000 for the previous three days, however its 9% loss over the previous week has spooked some beginner merchants. Information from Glassnode reveals that short-term holders who acquired Bitcoin lower than 155 days in the past had been transfer cash to exchanges at a loss since April 16.
As short-term merchants panic and concentrate on the decrease $25,000 degree, some analysts are turning bullish for subsequent yr. Bloomberg Intelligence analyst Jamie Douglas Coutts expects Bitcoin attain $50,000 by April 2024.
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