{"id":136467,"date":"2024-08-30T08:30:33","date_gmt":"2024-08-30T05:30:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136467"},"modified":"2024-08-30T02:15:01","modified_gmt":"2024-08-29T23:15:01","slug":"bitcoin-faces-downward-pressure-amid-declining-activity-and-market-shift","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-faces-downward-pressure-amid-declining-activity-and-market-shift\/","title":{"rendered":"Bitcoin Faces Downward Pressure Amid Declining Activity and Market Shift"},"content":{"rendered":"
A significant move upward would require Bitcoin<\/a><\/strong> to break through the resistance level around $66,000, which has so far remained intact.<\/p>\n Recent data shows a significant decline in Bitcoin\u2019s on-chain activity as prices consolidate within a bearish pattern. An analyst on X pointed out that active Bitcoin addresses have been consistently dropping over the past few months. The only time this trend reversed was during a brief period from late 2023 to early 2024, when Bitcoin surged from under $30,000 to a peak of $73,800.<\/p>\n #Bitcoin<\/a> active addresses: completely anemic. Are people using ETFs now, or is there something else? pic.twitter.com\/3lx9xX5JYj<\/a><\/p>\n \u2014 Timothy Peterson (@nsquaredvalue) August 29, 2024<\/a><\/p><\/blockquote>\n\n