Financial News

Here’s why Bitcoin price may drop 10% next week

By: Invezz
BitBuddy Bitcoin Explorer

Bitcoin price is testing support around the $9,000 mark after miners moved thousands of Bitcoins to exchange wallets. Moreover, a few thousand more of Bitcoins were transferred through over-the-counter (OTC) deals.  Fundamental analysis: Miners on the move Bitcoin miners moved 2,650 BTC (approximately $28 million) to exchange wallets, most likely for selling purposes. In addition, it is estimated that a few thousand more Bitcoins were transferred through over-the-counter (OTC) deals.  This is the largest direct transfer of Bitcoin from miners to exchange platforms for more than a year, as reported by Glassnode. The majority of 2,650 BTC was transferred to

The post Here’s why Bitcoin price may drop 10% next week appeared first on Invezz.

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