Why are holders key for Bitcoin recovery?

If you want to discover why are holders key for Bitcoin recovery, you need to read this article. Here you will find out all the details. Keep reading for more information!

If you want to discover why are holders key for Bitcoin recovery, you need to read this article. Here you will find out all the details. Keep reading for more information!

Bitcoin is in a period of lateralization of its price, where it experiences small ups and downs, but where it fails to take off and raise the barrier of $35,000.

But in the last few days, a trend valued as positive by many experts began to register in the market: users who undid positions when BTC was in the red, today are buying again, according to details from Ecoinometrics.

This is seen as a "restart" in the behavior of investors, which is not limited only to small players, but also reaches institutional players, the "whales".

"Whales and small fish have started to accumulate again, while other categories have become neutral," they explained from Ecoinmetrics in their analysis.

In this way, experts trust, "if that accumulation trend continues, there is only one direction in which BTC can go and that is up."

Over the weekend, Bitcoin started to go down. However, on Monday morning it barely had a slight rebound, although it fell again on Tuesday.

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