Bitcoin Price’s Next Move Could Be Below $80,000 — Here’s Why

The price action of Bitcoin has been somewhat limited in the past few weeks, as the bulls and bears battle for dominance in the market. This indecisiveness has had the premier cryptocurrency oscillating between the $89,000 and $93,000 levels in recent weeks. According to the latest on-chain data, this sideways movement exhibited by the Bitcoin price is associated with the uneven distribution of the coin’s total supply around various levels. This recent on-chain evaluation has also identified the possible next stop for the market leader’s price. BTC Price At Risk Of A 20% Decline?  In a December 13 post on the X platform, pseudonymous analyst Darkfost explained that the Bitcoin price is locked in a battle between $89,000 and $93,000. This on-chain observation is based...