Bitcoin (BTC) trades above $60,000 on Friday, gaining more than 4% this week so far, but fluctuating within a range between $57,000 and $62,000 for the last 15 days.
Bitcoin Weekly Forecast: Can BTC break above $62,000 barrier? Bitcoin trades above $60,000 on Friday, gaining more than 4% this week so far, but fluctuating within a range between $57,000 and $62,000 for the last 15 days. On-chain data shows contradicting signs, with institutions accumulating Bitcoin while some whales are selling. Additionally, the US spot Bitcoin ETFs recorded inflows this week, and continued Mt.
could rally 25% as DeFi token breaks out of nearly two-year long accumulation , a Decentralized Finance token that ranks in the top 50 cryptocurrencies by market capitalization, has broken out of a nearly two-year long accumulation range after rallying over 25% in the last seven days. Despite the recent price increase, an on-chain analysis from iCryptoAI shows that
holdings from whale wallets have continued to increase in the last 24 hours, suggesting buying pressure persists and making it more likely that the coin extends gains. Data from on-chain analysis platform iCryptoAI shows consistent accumulation of the DeFi token by large wallet investors. On August 21,
price climbed to a peak of $143.78 on Binance, the highest since mid-March. Analysts at iCryptoAI mention that the buying pressure is stronger than selling across decentralized exchanges.
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