Bitcoin Has Stopped Sliding in Price and Started to Rise
After two days of dramatic pullback, Bitcoin has stopped sliding in price. Bitcoin’s price starts to rise and a new support level has found at $11,800. Furthermore, the report identifies several on-chain indicators showing a growing interest in crypto, noting an increase in long-term holding over short-term speculation, amid historic lows for the number of Bitcoin held on exchanges. It is considered as a good phenomenon for Bitcoin to go ‘’Bull run” in the long term. Thus, each pullback could attract the long term investors to buy more Bitcoin.
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