Bitcoin, which rose above $ 30,000 at the weekend, fell to $ 29,300 with the decline it experienced in the last 24 hours.
At this point, this week will be an important week for BTC as the struggle for $ 30,000 continues in Bitcoin. This week, the Fed will announce its interest rate decision.
As investors wonder which direction BTC will move, Santiment has announced the data to follow.
Pointing out that the number of addresses holding more than 100 Bitcoins should be followed, Santiment said that the number of these wallets starting to rise again will increase the potential for a break in BTC that can bring an increase.
“Bitcoin, the leading cryptocurrency, hit $30,000 again this weekend, and it is recommended to pay attention to the number of major addresses as the summer progresses.
If the wallet line holding 100+ BTC starts to rise again, the probability of another breakout in Bitcoin price will increase drastically.”
🐳🦈 #Bitcoin has rebounded back above $30k this weekend, and it's recommended to keep an eye on the number of large addresses as summer progresses. If the 100+ $BTC wallet line begins rising again, another breakout greatly increases in probability. https://t.co/qKgrKeCHxL pic.twitter.com/g9A4i6ApFE
— Santiment (@santimentfeed) July 23, 2023
*Not investment advice.
