“With prices trading sideways in recent weeks, a relative equilibrium has been established,” Glassnode, the crypto data firm, wrote in a blog post. “However, given the limited incoming fresh demand, this delicate balance can be disrupted by any significant degree of seller exhaustion, or conversely a re-invigoration of sellers.”
Related posts
-
Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again
Este artículo también está disponible en español. Ethereum, the second-largest cryptocurrency by market capitalization, has yet... -
Bitcoin rallied on Thursday, but recent history says this pop will fade as well
Bitcoin rallied on Thursday, but if trading this year is any guide, this pop will be... -
Bitcoin Predictions Range From $56K To $180K: Analysts
Este artículo también está disponible en español. The price of Bitcoin has been a heated issue...