The bears are trying to extend Bitcoin’s (BTC(Record of) Nine consecutive weekly red candlesThe bulls have vowed to avoid this negative outcome for at least ten more weeks. Although the sentiment is still negative, Arthur Hayes (ex-CEO of BitMEX derivatives giant) anticipates a positive outcome. From the bottom upThe price range is between $25,000 and $27,000

Glassnode data on the chain shows that it is possible that thsmartmoney has started accumulating Bitcoin. Bitcoin. Major cryptocurrency exchanges see net outflowsOn June 3, 23,286 Bitcoin was accumulated, the most since May 14.