(BTC) is witnessing an uphill battle between the bulls and bears near $ 31,000, which makes this an important level to watch out for. Glassnode data shows the $ 31,000 to $ 34,300 zone has looked strong interest of buyers and sellers, since 9.93% of the supply of Bitcoin has moved in this area.
The failure of Bitcoin to quickly rebound from strong support levels indicates weak demand. Proof of the current disinterest comes from BlackRock (NYSE 🙂 CEO Larry Fink, who said in a recent CNBC interview that investor demand for cryptocurrencies had rejected Recently. Fink said that during his last two weeks of business trip, he was not presented with a single question about Bitcoin and News Block in cryptocurrencies.
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