Bitcoin metric signals volatile $40k-$22k move, analyst says

Bitcoin metric signals volatile $40k-$22k move, analyst says

Market Analysis
May 24, 2023 by secret
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[ad_1] Bitcoin could see a volatile phase within the $40k and $22k price range, James Check, lead on-chain analyst at Glassnode says. BTC’s sell-side risk ratio is approaching an all-time low, with traders on both sides showing exhaustion after recent price action. The flagship crypto traded at $26,400 on Wednesday, about 3% down in the