Despite the steep rise for Bitcoin (BTC) in November, the price is consolidating above $ 15,000. The on-chain analyst Willy Woo says that a blow-off top is unlikely for three main reasons.
These factors are:
- The growing outflow of funds from exchanges,
- The increase in the number of "HODLers,"
- The data that investors have already cashed in on profits.
These factors are:
- The growing outflow of funds from exchanges,
- The increase in the number of "HODLers,"
- The data that investors have already cashed in on profits.