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Cryptocurrencies Price Prediction: Bitcoin, STX & Cryptos – American Wrap 27 February

Bitcoin price could nick $60K as exchange inflow volumes near all-time highs

Bitcoin (BTC) price is on a tear, recording high highs with exchange trading volumes soaring. According to Glassnode, this points to increased speculation and trading activity among market players. 
Stacks (STX) price is on a tear, following on the heels of the Bitcoin price surge, which shocked markets on Monday blasting past $57,000 and blowing $100 million in short positions out of the water.

Bitcoin extends sharp rise into second consecutive day and hit levels near 57500 for the first time since December 2021 on Tuesday.

Two-day rally has registered around 4.5% gains and signaled continuation of larger uptrend, after investors quickly changed view from extended consolidation phase into fresh and large longs, executed by large market players.

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