Bitcoin Accumulation Grows as Price Faces Challenges
Bitcoin’s price has been resilient, attempting to recover after a challenging bearish phase that pushed it below the $100,000 mark. The increased selling pressure followed the cryptocurrency failing to breach a crucial resistance zone between $106,000 and $107,000. This sequence of events has stirred concerns as the price witnessed a notable 5% decline from the recent highs. However, despite the price challenges, Bitcoin accumulation appears to be on the rise, sparking discussions about whether a bullish divergence could be on the horizon. Investors remain hopeful as they watch for any sign of a rebound.