The post Bitcoin Price Analysis: $20k or $34k? Michael Kramer Predicts What’s Next For BTC Price appeared first on Coinpedia Fintech News
After a bearish start to May, the Bitcoin price showed signs of recovery, closing the previous week with a Doji candlestick pattern. This pattern suggests increased buying pressure and potential market turnaround.
Intensified regulatory scrutiny in the United States has led to a decrease in Bitcoin liquidity, with miners selling off their holdings. This factor contributes to heightened volatility in the cryptocurrency market and fosters an atmosphere of speculation.
Top Crypto Exchanges Witness Increase in Bitcoin Balance
Prominent centralized cryptocurrency exchanges have experienced a rise in their Bitcoin balances over the past week. This trend is often associated with bearish sentiments, indicating potential downward pressure on Bitcoin’s price.
Glassnode Insights Point to Impending Bitcoin Volatility
Glassnode, an on-chain insight platform,
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