Bitcoin Exchange Flows Fall to 10-Year Lows As Traders Aim $165k BTC Price

The key takeaways

• Bitcoin has risen 10% from the $98,400 lows in local currency to $108,200, and is regaining key support.

• Bitcoin bull pennant’s daily chart is targeting gains of 54% to $165,000.

• The exchange flows have reached a low of 10 years, indicating that investors are still holding long-term.

BitcoinBTCOn June 25, the price of, which had been at its lowest level in three days ( $98,400), rose 10% to a new weekly high. BTC is now back at a critical support level after prices continue to stabilize below their all-time highest range of $112,000

Bitcoin: Will the price of bitcoin rise more than 50% over the next couple days?

Bitcoin “bullish pennant” The hint at $165,000

Bitcoin rallied 52% between May 8 and 22. reach an all-time high of $112,000. BTC’s price has increased since that time. oscillated between the all-time high and $100,000. Bulls aggressively defend $100,000 level, as evidenced by the latest rebound from six-weeks lows.

“Bitcoin reclaimed the key support area,” said Jelle is a popular crypto analyst who posted on X on 25 June. He said that BTC has now returned to a pennant pattern on the chart.

The bull pennant pattern is one that appears after a large rise in price, and then a consolidation phase at the high end of the price range.

“Break above $110K, and this flies a lot higher.”

You can also find out more about the A-Team here. positive breakout Bitcoin could rise to $165,200 (or 54% more) than it is currently priced.

It is vital to keep in mind that note The success rate for a pennant pattern is around 54%. This makes it the least reliable of all patterns.

Related: Bitcoin price analysis now sees up to $111K liquidity grab next

Merlijn the Trader is a Bitcoin expert who shared similar optimism. predicting Based on the inverted Head-and-Shoulders pattern, a BTC of $140,000 is possible.

“Break $112K and there’s nothing stopping $BTC from flying to $140K+.”

Some analysts have even more ambitious projections, citing soaring US debt The tax cut of President Donald Trump, BTC’s top between $200,000 and $250,000.  

Bitcoin exchange flows hit 10-year lows

Bitcoin’s price may have risen to new highs with an increase in supply of profit exceeding 96% but the demand for BTC from users on exchanges is dwindling.

The daily average flow of exchanges has reached a 10-year low on the 25th June, according to data from CryptoQuant’s blockchain analytics platform.

“The average volume of flows (Inflow + Outflow) on centralized exchanges has decreased to 40,000 BTC per day – this is the lowest figure in the past 10 years,” noted Bitcoin researcher Axel Adler Jr.

“A significant portion of BTC has left the platforms, which is a sign of consolidation and potential liquidity shortage.”

Investors may be moving BTC to other currencies if they are experiencing a decline in BTC flows self-custody walletsThis reflects confidence in Bitcoin’s long-term value as an investment.

Cointelegraph reportedAs of June 25, the Bitcoin balance on exchanges is at its lowest level in seven years. According to Glassnode, the Bitcoin balance at exchanges was 2.92m BTC on June 25. This is lower than it had been in June 2019. 

Reduced supply means that less Bitcoin can be traded on the exchanges, which could lead to an increase in prices. liquidity shortage Long-term, prices will rise.

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.