(BTCThe majority of major altcoins (including Bitcoin) are selling at higher levels while buying on dips. It is possible for a range to form. On-chain analysis firm Whalemap said that a “reclaim of $46,500 will look like a trend reversal,” for Bitcoin as the Previous accumulation phase: 90,000.00 BTCAt this level.

Fidelity Digital Assets said in its annual report that the “massive “ Bitcoin Bitcoin miners accumulate suggests that the “Bitcoin cycle is far from over.” The report went on to add that more sovereign nations may “acquire Bitcoin in 2022 and perhaps even see a central bank make an acquisition.”