Bitcoin price alert: Significant amount transferred to exchanges. Analysts warn of potential price drop to $60,000 and $73,000 levels.
Recent data shows that more than 33,000 Bitcoins (BTC) worth $3.23 billion have been transferred to digital currency exchanges in the past week. Analyst Ali Martinez reported that Bitcoin reserves on exchanges increased from 2.395 million on December 18 to 2.428 million on December 25. This increase coincided with Bitcoin’s price drop from $105,000 to $98,400. Martinez warned that if the $97,300 support level breaks, the price may fall to $60,000. Financial analyst Tony Vays also described trading Bitcoin below $95,000 as very risky and suggested a price correction to the $73,000 range.
