Volatility remains one of the characteristics of Bitcoin that could easily change the holding stance of investors.
Bitcoin has been on a dipping move as it gets to its monthly low of $39,000 within some days of hitting the $40,000 mark.
According to Woo, the 37K – 40K mark stands as the BTC price range in the crypto’s critical accumulating phase.
In the past, where there have been cases of spiked outflow volume, a notable amount of BTC has gone out via exchanges.
Just like Bitcoin has displayed its bearish trend, the action reflects the general status of the broader crypto market.
Fortunately, the entire crypto marketplace seems to be getting higher in an upward recovery movement starting from today.
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