Bitcoin price has breached a critical area of support over the past few hours, dipping below $19,000. Transaction history shows that a large number of addresses acquired BTC above $20,000. These market participants could soon exit their positions to avoid further losses, triggering a downswing toward $16,000.
The flagship cryptocurrency needs to reclaim $21,000 as support to have a change of invalidating the pessimistic outlook.
BTC Transaction History
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