Bitcoin (BTC) price approaching profit-taking zone as bulls eye $13,800

Bitcoin (BTC) price has continued its impressive bull run to trade above the $12k handle again. As predicted by Invezz a few days ago, the BTC/USD price activated the bull pennant chart pattern that is facilitating a move to $12,400. Fundamental analysis: Inactive Bitcoin addresses are selling BTC It seems that inactive Bitcoin addresses are selling their holdings, according to on-chain data, resulting in bearish claims among crypto analysts. Willy Woo, an on-chain analyst, stated that old hands certainly sold the top until the latest price cycle. “Dormancy is a measure of ‘old hands selling out.’ It’s interesting to see