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

Unfolded 980x550

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…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE