Bitcoin: 64% Supply Stays Inactive for Over a Year
Kashif Raza reports that nearly 64% of Bitcoin's circulating supply has not moved in over a year, showing long-term holders remain committed without panic selling.
SourceAnalysis
Bitcoin long-term holders continue to hold positions with no signs of panic, as nearly 64% of the circulating supply has remained inactive for more than a year according to data shared by @simplykashif.
Price action on the 4h chart shows BTC trading at $83481.03 inside the Bollinger Bands with the upper resistance at $83726.21 and lower support at $80848.26. The EMA50 at $82416.88 and EMA200 at $82087.11 act as concrete support levels while the MACD golden cross at 323.53 confirms bullish momentum and RSI at 61.77 stays neutral. With price testing upper Bollinger resistance while RSI remains balanced, a healthy retracement to the 50-EMA support at $82416.88 appears probable before further continuation.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.