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Bitcoin exchange balances are dropping and that’s a bullish indicator that may propel the BTC price to a new all-time high, according to Danny Scott, CEO of crypto exchange CoinCorner who notes on Twitter that people are buying Bitcoin and stockpiling it in cold storage.
Scott also notes that if BTC follows previous April trends, the Bitcoin price will balloon next month. “Law of averages gives Bitcoin an $83,000 price target for April. Average over 10 years in April +51%”
In other trending Bitcoin News today:
On-Chain Analyst Willy Woo Predicts 1,000,000,000 People To Adopt Bitcoin
Prominent on-chain analyst Willy Woo is predicting that one billion people will have exposure to Bitcoin much sooner than we think.
In a new interview on Real Vision Finance, Woo says that based on its current trajectory, Bitcoin is poised to get in the wallets of a huge part of the global population in four years.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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