Data published today from Cointelegraph Markets and on-chain data provider lookintobitcoin found that the Bitcoin (BTC) price remains well positioned as on-chain analysis and BTC’s reaction to global events continue to play to the crypto asset’s strengths.
Bitcoin’s block reward halving occurred nearly a month ago and many analysts believe the event failed to produce the strong pre and post halving rally investors expected. Despite this, there is ongoing evidence that retail and institutional investors remain focused on accumulating Bitcoin and other cryptocurrencies.