Bitcoin price hits K, but analysts say on-chain data points to an ‘inevitable’ pullback

Bitcoin price hits $24K, but analysts say on-chain data points to an ‘inevitable’ pullback

Cryptocurrency investors continue to enjoy this week’s bullish price action after Bitcoin (BTC), Ether (ETH) and a handful of altcoins rallied on July 20 alongside gains in the traditional markets

Data from Cointelegraph Markets Pro and TradingView shows that a midday rally by Bitcoin bulls managed to lift the top crypto to a daily high of $24,281, which sparked a new round of bullish proclamations on Crypto Twitter.

BTC/USDT 1-day chart. Source: TradingView

While the week-long climb has…


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