HomeUncategorizedBitcoin price is ‘stuck’ at $30K — Here are 3 reasons why By Cointelegraph

Bitcoin price is ‘stuck’ at $30K — Here are 3 reasons why By Cointelegraph

July 19, 2023

[ad_1]


© Reuters.

(BTC) has spent almost a month at or near $30,000, but this is no coincidence, new analysis claims.

In one of its Quicktake market updates on July 17, on-chain analytics platform CryptoQuant highlighted three key factors keeping BTC price action in the same place.

Bitcoin STH supply annotated chart. Source: CryptoQuant
Bitcoin miner exchange inflow realized price annotated chart. Source: CryptoQuant
Bitcoin historical volatility index chart. Source: TradingView