Bitcoin Price Consolidation Continues
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Business & Economics
Bitcoin Price Analysis: Traders Spotted Moving 12,000 BTC Amid CPI Inflation Risks and Altcoin ETF Speculations
71% Informative
Bitcoin (BTC) price has displayed an unusually flat performance this week as bullish and bearish market signals counteracted each other.
Bitcoin price consolidated within the $97,000 - $ 98,000 narrow range on Feb 15 entering a week of sideways movement and intense volatility.
On-chain data shows an unusual increase in BTC deposits on exchanges, a move that could potentially trigger a breakout from the prolonged consolidation phase observed this week .
Declining market volumes coinciding with $1.2 billion increase in exchange reserves suggest active selling momentum.
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