Bitcoin (BTC) Long-Term Holders Locking Consistent Gains: A Sign Of Stability?
Summary
Bitcoin and the broader crypto market have surged recently due to a potential interest rate cut announced by Jerome Powell. Long-term holders are selling Bitcoin at a rate of $138 million per day, which is crucial for price stability. Bitcoin is currently trading at $64,360 and must hold above the 200-day moving average to sustain the uptrend. Breaking past $65,000 should lead to a target around $67,000, but failure to hold above $63,000 could lead to retesting demand levels around $60,000.
