Recent Bitcoin Transaction Shines Light on Institutional Accumulation Trend

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Bitcoin’s price has been fairly stable below $24,000, with sellers being unable to firmly degrade its strength despite the weakness seen across altcoins BTC’s dominance has been rising rapidly as it sucks the oxygen out of the room, with analysts widely targeting continued strength against altcoins However, Bitcoin still has some major hurdles in its path that may continue hampering its growth and stopping it from seeing any massive uptrend This includes the massive resistance between $24,000 and $24,200. Whether or not it can break above this level should provide serious insights into its outlook One on-chain explained that specific Coinbase transactions are confirming a trend of institutional accumulation Bitcoin has been consolidating throughout the past week, seeing some turbulent price action that has caused it to range between $22,000 and highs of $24,200. The selling pressure seen here has been quite significant. That said, each rejection and subsequent decline…

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