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BTC Could Be Getting Ready for a Strong Bull Move, Says Analyst

Published 11/02/2023, 03:55 PM
Updated 11/02/2023, 04:15 PM
© Reuters.  BTC Could Be Getting Ready for a Strong Bull Move, Says Analyst
BTC/USD
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  • PeckShieldAlert revealed in an X post today that 3 dormant BTC addresses sent $224.75 million BTC to new addresses.
  • The technical analyst CryptoCon predicted that BTC may enter into a strong bull move soon as a breakout signal gets triggered.
  • BTC’s price stood at $35,264.14 at press time following a 24-hour gain of 2.46%.

The X user PeckShieldAlert revealed in a post earlier today that 3 dormant Bitcoin (BTC) addresses transferred a substantial amount of BTC to new addresses. In the post, the X user revealed that these addresses have been inactive for the past 6 years, and transferred 6.5K BTC, worth approximately $224.75 million, to new addresses over the past few days.

Meanwhile, the technical analyst CryptoCon also published a post regarding BTC, and shared that the most important breakout indicator for BTC oc…

The post BTC Could Be Getting Ready for a Strong Bull Move, Says Analyst appeared first on Coin Edition.

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