Bitcoin OTC Deals on the Rise; Suggesting Large Buyers are Entering the Market

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Bitcoin has been flashing signs of immense strength throughout the past few days and weeks, with buyers taking full control of its price action Where it trends in the near-term will likely depend largely on whether or not the crypto can gain a stable footing within the lower-$17,000 region If the selling pressure here proves to be too much for the crypto to handle, it could enter a consolidation phase and trade below this level for an extended period of time One bullish trend indicating that Bitcoin is seeing massive inflows of capital is large over-the-counter trading volumes This suggests that large buyers are pouring money into the benchmark digital asset at a rapid pace Bitcoin has been caught in the throes of a wild uptrend throughout the past few days and weeks, with buyers fully controlling its price action as the cryptocurrency continues pushing higher. The benchmark digital asset…

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