BTC price nears $46K with Bitcoin exchange reserves lower than November 2020

Bitcoin (BTC) preserved a higher low overnight on Tuesday in what one analyst believes may lead to sustained recovery.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Analyst: Time for “inevitable” Bitcoin supply shock

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising to rechallenge $46,000 Tuesday.

The pair had been drifting south before a sudden bout of volatility produced lows of $43,380 on Bitstamp. At the time of writing, these remained untested, with…


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