Why bitcoin is consolidating after testing $105,000
A lack of momentum-trader activity has led to bitcoin’s consolidation. The MVRV Z-Score sits well below peaks seen in previous bull cycles. Global liquidity (M2) is expanding rapidly. Breaking the $100,000 psychological level drew in “new” bitcoin buyers, while seasoned traders are cautious, Glassnode noted. $BTC Supply Mapping shows sustained strength in new demand. First-Time […]