Bitcoin Bullish Trend Faces Potential Risks Amid Mt. Gox Sell-Off Concerns

Bitcoin continues its upward trajectory, particularly notable in the daily charts for Q1 2024, now hovering above the $60,000 mark. Analysts are divided over whether this upward trend is sustainable, especially given recent on-chain activity data. A recent analysis highlighted a significant increase in Bitcoin transactions, raising concerns about oversupply and potential price drops. Discover

Source: CoinOtag