Bitcoin Could Dip Lower as Exchange Balances Increase in the Last Week

In brief: Data from Chainalysis suggests that Bitcoin balances on exchanges have increased in the last week This is as Bitcoin struggles to maintain the $55k support area An increase in Bitcoin balances on exchanges could hint of more selling pressure as seen with the $1 Billion BTC deposit to Gemini before the weekly close $52k and $48k provide the next level of macro support for Bitcoin The amount of Bitcoin being deposited on crypto exchanges has seen a significant […]