Bitcoin is currently in a state of fascinating flux. Its price fluctuates around $100,000. The cryptocurrency, despite hitting the $100,000 mark multiple times hasn’t been able to establish this as a support level or resistance. The strength of the market is apparent in its consistent price recovery, even when Bitcoin drops below $100,000. Declining exchange reserves – a reflection of confidence over the long term – contrast with a surge in short-term netflows. But what keeps Bitcoin’s value buoyant amidst all these fluctuations. CryptoSlate Alpha insight reveals the underlying force…
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