$BTC 🔥Biggining of of rise 💯 Do you thing it can survive 👉$BTC
The largest cryptocurrency by market capitalization has shed nearly 4% of its value over the last day. At the moment, the Bitcoin price is hanging onto $83,000 with on-chain indicators painting a grim picture for the asset.#Bullishcoin
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Bitcoin’s seven-day chart confirms a 3.37% decline while daily trading volumes are down by a staggering 53%. Alongside the falling metrics, Bitcoin whales are scooping coins en masse, racking up over 22,000 BTC in three days.#BullishMomentum
The recent decline in Bitcoin price follows a bullish week capped by the signing of an executive order for a Strategic Bitcoin Reserve. A Crypto Summit at the White House and declarations by the OCC for cryptocurrencies were expected to send prices rallying. However, the reverse appears to be the case with Bitcoin price threatening to slip below.
