Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally

Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally

Market Analysis
February 25, 2023 by secret
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[ad_1] Bitcoin’s (BTC) recent price rally from $16,500 to $25,000 can be attributed to a short squeeze in the futures market and recent macroeconomic improvements. However, while prices increased, data suggests that many interested buyers (including whales) were left on the sidelines.  The recent rally to $25,000 shared many similarities with the 2019 bear market