Is Bitcoin Set to Soar Above 128K? On-Chain Indicators Suggest Recovery
Bitcoin (BTC) grapples with heavy selling pressures, plunging below the $85,000 mark. This recent drop reflects a 12% decline since last Friday. Consequently, many investors are experiencing panic and contemplating the onset of a bear market. However, some on-chain indicators hint at the possibility of a significant recovery on the horizon. Analysts are analyzing these indicators closely. Positive signs could lead to a rally, potentially bringing Bitcoin prices above the all-time high of $128,000. Investors are urged to stay informed and consider market patterns when making decisions. Will Bitcoin rise again, or is the bear market just beginning?