RE: Bitcoin Breaks $18K and Hits 1-Month High
Bitcoin is slowly waking back up and those whoh ave slept on it are going to wear many a sad face
13% of BTC supply returns to profit as Bitcoin sees ‘massive’ accumulation
“After gaining nearly 5% in 24 hours, Bitcoin is back on bulls’ radar ahead of a crunch United States inflation data release.
What the impact will be remains uncertain, but on-chain analysis is eyeing a more important phenomenon already playing out on the market.
The latest price uptick has seen a considerable number of bitcoins flip from unrealized loss to unrealized profit — it is now worth more than when it last moved.
If this means that investors who bought below the current spot price are in profit, it suggests that a significant amount of the BTC supply changed hands in an area between there and recent multi-year lows.”
$20,000 is about to be broken today, I think. The price as I type is $19,425 and has been on a move all day so it wouldn’t surprise me.
