News:
Bitcoin held on exchanges hit a two-year low this month, according to data from Santiment. A massive outflow of BTC from exchanges is a sign of accumulation and signals investor's positive perception of the cryptocurrency.
Technical analysis:
BTC has been trading upwards. The price tested the level of $9500. I see potential for rise towards the $9,640 and $9,895.
Trading recommendation:
Watch for buying opportunities on the BTC due to breakout of the slope pattern in the background and potential end of the intraday downside cycle.
