$7.6B Sitting in Stablecoins — Is This Bullish or Bearish for Bitcoin?

It’s been another bullish week for Bitcoin (BTC) as the price surged past the critical $7,200 resistance, as mentioned in last week’s analysis, all the way to $7,300. However, the price has corrected slightly and is now sitting just below $7,200. So was this the local top? Or has the leading digital asset got some steam left in it ahead of the halving event that is now about three weeks away? Daily crypto market performance. Source: Coin360.com Bitcoin’s slow grind to $10K BTC USD daily chart. Source: TradingView Starting out…