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CRYPTO BREAKING NEWS
— InnovatekMobile (@Neome_com) January 7, 2024
Bitcoin: Rising transactions cause speculation, more inside. The volume of Bitcoin flowing in and out of exchanges rose slightly in the past few days. check us out @ https://t.co/8dh137aX4R pic.twitter.com/0qPuwkxwY6
The figure, in particular, revealed an astounding total of more than 34,000 transactions that fell into this significant value category. As the first occurrence of such heightened activity since June 2022, this spike in whale trades stands out as a noteworthy trend. The increase in these significant transactions points to a resurgence of trust among significant Bitcoin holders, which may be a sign of impending price growth for Bitcoin (BTC).
Key Bitcoin Levels To Watch – January 7
The overall market remains bullish despite the long-term consolidation. The consolidation began in early December 2023, after a massive expansion from the discount zone.
On September 28, BTCUSD began a new trend to the upside, according to the MACD (Moving Average Convergence Divergence). The market is likely to follow a bullish trend into the $50000.00 psychological level.
BTC/USD Key Levels
Resistance Levels: $46000.00, $50000.00, $55000.00
Support Levels: $37800.00, $31900.00, $24900.00
BTC Metrics
Total Market Capitalization: $1.62T
Bitcoin Market Capitalization: $843B
Bitcoin Volume: $25.8B
Market Rank: #1
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