Bitcoin Price ready to bounce based on massive Coinbase outflow

Bitcoin Price ready to bounce based on massive Coinbase outflow

The leading cryptocurrency, Bitcoin, by market cap is tumbling down by more than $10,000 per coin and this is premised on the Bitcoin price reeling from a strong rejection from $60,000.

Notably, there is high rate of BTC outflow from Coinbase Pro, a cryptocurrency exchange.

Also, there is likelihood that the previously trending cryptocurrency will bounce when the overall lack of BTC supply that only shrink always, will once again be dominated by demand.

Whether that bounce will develop into resumption of historic uptrend, is yet unknown.

 

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