Bitcoin‘s (CRYPTO: BTC) struggle to breach $60,000 has proved that the price is a crucial resistance level in the current bull run.
What Happened: However, the cryptocurrency has also found strong support at $50,000 and an even stronger price floor at $40,000, according to research from Chainalysis. According to the firm’s chief economist, Philip Gradwell, recent data indicates “strong support for high prices.”
Gradwell finds that 3.1 million Bitcoins have…
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