Bitcoin’s Local Bottom Could Be Near as On-Chain Indicators Show Diminishing Selling Pressure

Bitcoin’s recent performance has been marked by declines, hitting its lowest level since February 26 and stabilizing around the $57,000 range amid significant volatility. Despite these fluctuations, Bitfinex analysts have observed on-chain indicators suggesting that the leading cryptocurrency may avoid further sharp declines. A recent report from Bitfinex, based on market data from July 6

Source: CoinOtag