๐#Bitcoin is giving us some serious dรฉjร vu vibes, folks! Remember the good ol' days of 2020 when $BTC surged to all-time highs? Well, recent data shows on-chain activity is looking eerily similar. ๐ฑ
๐BTC velocity has hit multiyear lows, meaning there's less movement at current price levels. This could be good news (whales holding onto their precious BTC) or bad news (limited transfer to new investors). ๐ค
๐High-volume traders are also laying low, adopting a "wait and see" approach. But hey, last time we saw this pattern, Bitcoin skyrocketed past $20,000! ๐
๐The daily RSI suggests $BTC is oversold, so there's potential for renewed investor interest...eventually.โ๏ธ
What do you think? Are we on the verge of another historic rally? ๐ Share your thoughts below! ๐ #DeFi #Web3 #CryptoNews
