Bitcoin price likely to hit $130K before serious profit taking kicks in


Bitcoin price likely to hit 0K before serious profit taking kicks in


Soaring capital inflows and an uptick in Bitcoin wallets identified as “accumulators” suggest BTC price is on a path to $130,900.

Key takeaways:

Bitcoin rallied to $113,800 as onchain data shows a 71% surge in the BTC holdings of accumulator addresses.

Bitcoin’s MVRV metric suggests that meaningful profit-taking may not begin until BTC hits $130,900.

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