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NEWS Bitcoin may witness a short-term bounce that has everything to do with reserves

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Bitcoin [BTC] has been attempting mid-week bounces for the last few weeks to break free of the ongoing bearish grip. The latest observations in the market suggest that a similar outcome might occur this week and here’s why. According to a Cryptoquant analysis conducted by MAC_D, Bitcoin reserves in the spot market dropped in the […] ...

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Bitcoin has been ranging for awhile, with the $18k support holding very strong for a while.

It's well known that the more a support is tapped, the weaker it becomes. However, could this mean that the bulls could win this time?
 

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