Bitcoin taps $81K as long-term holders add 330K BTC: How high can price go?

Accumulation by long-term Bitcoin holders, buying by institutional investors and a strengthening technical structure could fuel BTC’s price rise to $95,000 or higher.

Bitcoin (BTC) rose as much as 2% over the past 24 hours to an intraday high of $81,300 on Tuesday. This brings the weekly and 30-day gains to 5% and 21%, respectively.

This rally was accompanied by buying from long-term holders, who have added more than 330,000 BTC over the past month, according to data from CryptoQuant.

Key takeaways:

Read more