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Bitcoin

Bitcoin in a Long-Term Trend

18 Aug 2024by CryptoJazz Admin1 min read60 views
Bitcoin in a Long-Term Trend

🟑 Analysts at Bitcoin Magazine have reviewed data, revealing that nearly 75% of bitcoins have remained dormant for more than six months. This indicates strong trust among long-term investors and a clear trend toward accumulation.

🟑 Experts point out that the dominance of “old BTC” suggests a shrinking available supply of bitcoins. This could lead to price increases as demand grows. For new investors, this highlights the advantages of a long-term strategy over reacting to short-term price fluctuations.

🟑 Previously, leading crypto analyst Jamie Coutts predicted that bitcoin’s price could increase two to three times, supported by a bullish signal.

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