Crypto Express

07/09 03:07

Bitcoin miners stock up, BTC slows

Bitcoin miners stock up, BTC slows: History points to what’s coming next

What will miners do next? Hold or sell?

Bitcoin’s correlation with mining stocks dropped sharply, historically a red flag for incoming price swings.

If miners keep holding, BTC could rally; if they sell, $106K might be the next stop.

With Bitcoin [BTC] institutional adoption and acceptability at a record high, mining companies are reaping the benefits. Mining stocks are sprinting ahead.

If miners stay in hold mode, BTC could recover and push back toward $110K, especially with less sell pressure on the order books.

But if miner sentiment flips, and they start offloading, downside risks reappear fast, with $106K as the near-term floor.

#Check In Daily, Win Prizes Daily — Join the Fun!#BTC price hits a new high of $120,000! #Claim1,200 USDT in the Monthly Creation Challenge

77Share