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Bitcoin (BTC/USD) Price Holds Steady as Accumulation Trend Signals Potential Breakout
$BTC Bitcoin 's price has been holding steady, ranging from $58,500 to $61,600, despite the US government's sale of $594 million worth of Bitcoin ¹. This sale has added to market uncertainty, but a shift towards Bitcoin accumulation, especially among large wallets and long-term holders, suggests renewed market confidence ¹. The Accumulation Trend Score (ATS) metric also suggests there is a shift back towards accumulation dominant behavior ¹. However, Bitcoin is expected to fall 2.4% in the week, as it struggled to climb back to the $60K mark ².
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