This Whale Trend Indicates a Flood of Retail Investors Will Soon Launch Bitcoin Higher

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Bitcoin’s price action as of late is finally beginning to reflect the fundamental strength incurred throughout the past several months Virtually all on-chain metrics are currently playing in bulls’ favor, while other fundamental developments – like the adoption of BTC as a reserve asset – also give it a boost This fundamental strength may be what helped lead the cryptocurrency up from recent lows of $9,900 to highs of $11,700 that were tapped just days ago The cryptocurrency is now caught within a bout of consolidation as it struggles to surmount its $11,600 resistance That said, one trend seen while looking towards Bitcoin whale activity indicates that a flood of retail investors may soon enter the market Bitcoin and the entire crypto market have, so far, seen a quiet day of trading. BTC has mainly been ranging around the mid-$11,000 region, while altcoins all see similar consolidation phases. The latest…

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