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.

Original Article reposted fromSource link

Disclaimer: The website autopost contents from credible news sources and we are not the original creators. If we Have added some content that belongs to you or your organization by mistake, We are sorry for that. We apologize for that and assure you that this won’t be repeated in future. If you are the rightful owner of the content used in our Website, please mail us with your Name, Organization Name, Contact Details, Copyright infringing URL and Copyright Proof (URL or Legal Document) aT spacksdigital @

I assure you that, I will remove the infringing content Within 48 Hours.

Leave a Reply

Your email address will not be published. Required fields are marked *


Cristiano Ronaldo's Chelsea fury as true Ole Gunnar Solskjaer thoughts revealed

Former Manchester United striker Cristiano Ronaldo has been unhappy all this time at Stamford Bridge, as his thoughts on his former manager are revealed. Video Loading Video Not Available The video will play itself soon8Stop Play now Chelsea v Manchester United: A game in the picture It was a frustrating week for Manchester United as […]

Read More

DISGRACEFUL. Jason Chaffetz Has RINOs Nancy Mace and John Katko on Sunday Morning Futures and REFUSES to Ask Them About Their Controversial Votes

This was a weakness.Former US Ambassador and FOX News presenter Jason Chaffetz joined Maria Bartiromo today at Sunday Morning Futures. On Sunday Representatives Nancy Mace and John Katko, two of the most controversial Republicans serving in the US House of Representatives today, joined her on the program. But Jason Chaffetz declined to ask RINO about […]

Read More

How a Michigan high school basketball team landed on a call with Tom Brady, Rob Gronkowski and the Tampa Bay Buccaneers

Have you ever wondered who can receive the wrong number in the group? For another Pontiac basketball team, Michigan, high school, it just so happened that the person who sent him the message this week was. Tampa Bay Buccaneers back Sean Murphy-Bunting, and their integration could lead to a FaceTime call with some of the […]

Read More