With Bitcoin [BTC] above $20,000, is a slow recovery on the cards this time
— Slow, Bullish, Btc, Supply, Past, Recovery, Exchanges, Cards, Crypto, Market, Mixed, Bitcoin — 1 min read
Bitcoin [BTC] has once again become the talk of the town especially after its latest recovery in the crypto market. After going below $18k, there was speculation of a further dip in BTC prices. But it has held on since and has even launched a massive recovery to $21,500. There are some interesting developments observed in BTC data that suggests a mixed prediction for Bitcoin’s immediate future. The number of addresses holding 10K+ BTC just touched 100. This is another bullish signal suggesting rampant accumulation. However, there are mixed signals for investors in the market. Venture capitalist Tim Draper stated that Bitcoin would hit a whopping $250,000 within a year. Fred Ehrsam, Co-founder of Coinbase, recently tweeted Source