Summary
TLDR: Bitcoin’s price is currently at $66,000 and is being influenced by both bullish and bearish factors. Accumulation of BTC on exchanges is increasing, with expectations of a potential price rally. A Golden Cross on the EMA chart suggests a potential uptrend, but reaching $70,000 will require overcoming resistance levels. However, the Price Daily Active Addresses Divergence indicator indicates a potential sell-off which could push prices down. Investors should conduct their own research before making financial decisions.
Key Points
1. Bitcoin’s price is currently at $66,000 and facing potential selling pressure from investors, which could impact prices.
2. Investors have been accumulating BTC over the past few months, with a focus on adding to wallets after the recent halving event.
3. The potential for a Golden Cross formation in the Exponential Moving Averages suggests a slow-moving rally towards $70,000, but selling pressure could lead to a price drop back to $61,000.