Bitcoin Range-Bound Under Pressure as Analysts Eye $55,000
Bitcoin is “range-bound below strain,” having damaged beneath the “True Market Mean,” slipping right into a “defensive vary towards the Realized Price,” of round $55,000, reported Glassnode on Wednesday. The on-chain analytics supplier remained bearish, noting that demand throughout spot and spinoff markets was weak. “Spot flows and ETF demand stay weak, accumulation is fragile, and…
