Bitcoin wallets with non-zero balances at an all-time high, but BTC struggles to break $60K


  • Bitcoin trades above $ 58,000 after a small profit but fails to reach a well-known level of $ 60,000.
  • Meanwhile, the number of BTC addresses with zero numbers has reached 40 million indicating unwavering trust in cryptocurrency.

Bitcoin sells for more than $ 58,000 at the time of printing after gaining 2.5 percent in the last 24 hours. BTC has been trading side by side in the last few days as the $ 60,000 refusal proves to be difficult to break. However, despite the slow pace, those with BTC are showing more confidence now than ever before. New data shows that BTC wallet addresses with zero interest rates are now significantly higher, indicating that owners are more confident than ever that BTC is preparing for a major explosion.

As of November 24, non-zero stocks stood at 39.4 million, which is a huge increase. More from OKLink shows that the number has been steadily rising since 2019.

In January 2019, the price of Bitcoin was $ 4,000. However, the number of non-zero addresses was 22 million. It has risen since then, although Bitcoin dropped half its value in March last year. The number mainly hit around March this year, as BTC was approaching for a much longer period of $ 60,000.

The result of Bitcoin? Researchers have their own opinion

Bitcoin fell 2.9 percent last week, starting above $ 59,500. At the time, it was trading above the opening price in a short period of time as the chart below shows.

So, what is the result of Bitcoin?

Pankaj Balani, CEO of Delta Exchange, believes BTC will sell right now, as it did last week. It is unlikely to go below $ 53,000, however, he believes.

He said Forbes:

We see that the market will be volatile in the short term. BTC has failed above 60K several times and will take action to break even above that level, immediately 53-54K, which is also a 1TN market cap, will act as a strong support.

Other researchers also pointed to the need for a high volume value. This example shows the ‘reasonable’ value of Bitcoin is around $ 53,000, which many believe will greatly benefit BTC in the short term.

Naturally, $ 53,000 is the value that Bitcoin should be at the top to keep its market higher than $ 1 trillion.

Jake Wujastyk, a market researcher at software development companies TrendSpider, said:

I agree that whenever the value of the dollar is tested, it could be a place for the price to rise because the participants are returning, stopping trading in the market.


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