ICYMI: according to CryptoQuant analyst Ki-Young Ju, institutional investors will not let $BTC drop below $20,000 Bitcoin BTC
that Bitcoin's institutional adoption was only in its first inning since major insurance companies and asset managers were yet to join the party.
After a record-breaking nine consecutive weeks of losses, Bitcoin finally saw some greed on Monday, with the community celebrating what was seemingly a long-overdue relief rally.However, the rally has already stalled. At press time, the cryptocurrency is trading at $31,576 on the Bitstamp exchange after dipping around 0.49%. Yet, the cryptocurrency is already up 6.
Yet, many remain skeptical since on-chain analysis has repeatedly displayed its weak predictive power.
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