Bottom Things: Bitcoin Exchange Reserves Fall To December 2018 Low

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Bitcoin price is down nearly $10,000 from its 2021 high, but thus far support at $30,000 has held strong. As analysts search for a sign that the bottom of the current correction is in, one important fundamental factor matches up almost perfectly with the December 2018 bear market bottom. Is this the end of the correction and the uptrend will soon resume? Here’s what you need to know. Bitcoin On Exchanges Falls to Lowest Point Since December 2018 Few would deny that Bitcoin is in a full bore bull market, but the recent $10,000 and then some correction has instilled fear in the previously exuberant market. Thus far, buying dips hasn’t resulted in the upside bounce eager bulls are hoping for, but support at $30,000 has been unbreakable. OTC deals could be behind Bitcoin's recent buoyancy | Source: Crypto Quant The floor at $30,000 is acting nearly as strong as…

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