The Bitcoin market has seen strong buying pressure over the past couple of months, with the top 100 largest Tether addresses increasing their holdings by $1.67 billion in the last six months. This has contributed to the climb above the $38,000 mark. Market sentiment is also highly positive due to the increasing likelihood of Exchange Traded Funds (ETF) being approved in the first quarter of 2021. Analysts anticipate a possible breakout past $40,000, however, it remains unclear how soon this will come. Until then, buyers are advised to take advantage of the minor dips below $38,000.
Benjamin Anderson
- 2023-11-25
Bitcoin Market Sees Strong Buying Pressure
![CandleFocus bitcoin-market-buyingpressure-Tether-ETF-breakout](https://images.candlefocus.com/Bitcoin-Market-Sees-Strong-Buying-Pressure.jpg)