Bitcoin has adequate on-chain support at $47k A drop below this level opens the doors to $45k and below If Bitcoin fails to hold the $50k price area during the weekly close, chances are that BTC goes lower to $44k or even $43k Bitcoin has strong on-chain support at $47k. This support zone was identified by the Co-founder and CTO of Glassnode, Rafael Schultze-Kraft, who shared his observation through the following statement and accompanying chart. …ideally we hold the strong […]