Bitcoin avoids potential mini death cross to remain resilient, supported by profitable addresses and steady capital inflow

From Investing.com

July 26, 2024 10:30 AM:

Traders are monitoring a potential mini death cross as Bitcoin’s price drops, signaling potential increased selling pressure. However, Bitcoin has avoided this bearish pattern and remains resilient, bouncing back from support levels. On-chain data reveals 72% of Bitcoin addresses are profitable, boosting investor confidence. The correlation between volume and price suggests steady capital inflow could stabilize prices. At $67,105, key support levels could drive Bitcoin’s bullish trend forward despite volatility. Investors should closely watch for market movements and on-chain metrics.

Read more at Investing.com: Bitcoin (BTC) to Avoid ‘Mini Death Cross’: Details By U.Today