Major cryptocurrency exchanges have been experiencing net negative BTC flows into their Bitcoin wallets over the last few days
Bitcoin analysts have many other arguments as to why they think the BTC price might soon see its next leg higher to take out $30,000.
right now is around $55K and could rise above $500K in the next post-halving market cycle - that’s around 18x gains from current levels.
Bitcoin’s recent strong bounce from its 200DMA (and Realized Price) under $20,000 and the “golden cross” seen in early February are very bullish long-term technical signs for the cryptocurrency.