On-chain metrics, as well as technical data, hint at a drop in the coin’s price.
Bitcoin created a short-term range between $66.9k and $59.7k, with prices at the mid-range mark at press time.
Bitcoin’s metric suggests that it is undervalued, but market indicators show more slow-moving days ahead.Â
MicroStrategy has recently acquired 122 BTC amidst the falling prices of the king coin.