Bitcoin accumulation wave puts $80K back in play: Analyst
Demand from Bitcoin accumulation addresses reached a new high, with analysts citing a futures market CME gap as a prediction point for their higher short-term price targets.
Bitcoin (BTC) saw a sharp dip below $67,400 during the Monday session open, after it rallied above $70,000 over the weekend. An immediate recovery may come at the back of BTC order book data, which shows aggressive bid positioning, and onchain data pointing to a rise in long-term accumulation.
Analysts now say the move may extend toward the $80,000–$84,000 region, with order book liquidity playing a key role in the next move.
Key takeaways:
Read more
