Bitcoin’s price outlook remains robust as long-term holders' selling pressure eases. Institutional investors bought Bitcoin during local price bottoms at roughly $57,500. The Market Value to Realized Value indicator suggests further upside ahead. Bitcoin’s price outlook remains positive in the short term despite its recent stabilization, on-chain data suggests, propelled by easing selling pressure by long-term holders and activity from large-wallet investors.
The only difference is that on May 20, there was a spike in the daily transfer when the price was running toward its ATH, signaling that profits were booked and waving a price top. 1m USD) chart src=https://editorial.fxstreet.com/miscelaneous/Bitcoin%20%20-638525848541738103.
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