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For the very first time in a Bitcoin bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher BTC prices as they hold on to their Bitcoin.
This only adds to the already existing supply shock. If demand remains strong, this is a recipe for another leg up for the Bitcoin price.
In other trending Bitcoin News today:
Ripple XRP Becomes Tidal Wave, Leads Weekend Pump And Notches Legal Victories
Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple XRP looks to be leading the way with a push as high as 30% on the daily, touching a new 3 year high of $1.50 — carried on the back of a string of legal victories and rumors of relisting at some crypto exchanges.
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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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