The number of addresses holding 1+ Bitcoin (BTC) has reached an all-time high (ATH). According to the post, 1,022,655 addresses currently hold 1+ BTC. This was after the previous ATH of 1,022,629 was recorded on 22 September 2023.
Meanwhile, the leading cryptocurrency achieved a slight 0.06% gain over the past 24 hours. BTC was trading hands at $26,569.14 at press time. This positive daily performance was also enough to flip the cryptocurrency’s weekly performance back into the green, taking it to +0.02% as a result.
From a technical perspective, BTC was trading between the 9-day and 20-day EMA lines at press time. If it is able to break above the 9 EMA line at around $26,609.23 within the coming 48 hours, then it may attempt to flip the $26,915 resistance level into support.
Conversely, a break below the 20-day EMA line, which was situated at $26,522.35, could lead to BTC retracing to the immediate support level at $26K. If this level fails to hold, then BTC’s price may continue to drop to $25,110 in the following couple of days.
Investors and traders will want to take note that a significant bearish technical flag was on the verge of being triggered on BTC’s daily chart.
The daily RSI line was attempting to cross below the daily RSI SMA line. These 2 technical indicators crossing could suggest that sellers are gaining the upper hand against bulls. This may then lead to BTC’s price dropping.