BTC whale population shrinks to early 2020 levels — 5 things to know in Bitcoin this week
Bitcoin price action is on a knife edge as analysis hopes that the monthly close can echo a positive end to the week. Bitcoin (BTC) keeps pushing for a bullish end to February as the monthly close starts another week’s price action. The largest cryptocurrency looks set to preserve its gains as it closes the second month of 2023 — and is keeping bulls’ hopes alive in the process. Can the good times continue? The coming week could mean decision time for a key area of BTC price action around $25,000. Analysts are eyeing a breakout toward $30,000 if support can become more permanent, while concerns nonetheless remain that a trip back towards resistance reclaimed in January is still on the cards. Amid a quiet week for macroeconomic data, any catalysts for determining whether BTC/USD goes up or down may come from within Bitcoin itself. One thing is for sure, on-chain data shows — long-term Bitcoin hodlers are in no mood for selling yet, and at current prices continue to add to their BTC exp