Price Prediction
Bitcoin Price Prediction as Retail Investors Show Signs of Abandoning BTC
Bitcoin's total number of holders has declined by approximately 108,700 to 59.88 million since October, coinciding with renewed selling pressure. Bitcoin's supply on exchanges has fallen to about 1.28 million BTC, indicating fewer coins available on trading platforms. Analysts suggest that continued exchange outflows could support a recovery if selling pressure lessens, with Bitcoin approaching a potentially important technical level near $73,000 to $75,000. Bitcoin is trading below its 50-day SMA and above its 200-day SMA, suggesting short-term momentum remains bearish and longer-term support at $73,200 could be exposed if the price breaks below this level.