The transfer of 1,220 BTC from Kraken indicates potential market volatility. Bitcoin needs to reclaim the 80,000 USD resistance for a rally. With 73.53% of addresses showing profits, sentiment appears more stable despite declining active addresses by 8.78%.
Bitcoin is currently valued at 77,175 USD, reflecting a bearish trend. The support zone around 72,000 USD has absorbed selling pressure. While the market shows mixed signals, there is hope for a rally if Bitcoin can break the resistance swiftly.
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