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Bitcoin: These are the realistic price levels for BTC before end of 2021
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In one of our recent articles, we mentioned that Bitcoin possibly needs retail investors to come in and increase buying pressure since there was a lack of FOMO in the market. While FOMO isn’t necessarily a long-term progressive catalyst for consistent price gains, it does allow assets to breach key resistances.
Now that Bitcoin has hit a new ATH level without massive FOMO, that will possibly change because of the following narratives.
Source: Trading View
With HODLers displaying major conviction over the past few weeks, their activity has triggered Bitcoin exchange reserves to drop down to 2018 levels. At press time, close to 2.45 million BTCs were held on exchanges, a level last seen back on 31 August 218.
It can be inferred that selling
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