Bitcoin Holders Flee to New Wallets Amid Coldcard Hack Concerns
Bitcoin holders have been moving their coins to new wallets in response to the recent Coldcard hack news, according to on-chain metrics. Over the past year, similar migration patterns have preceded reduced sell pressure and steady price action in the $60,000 zone.
The current price of BTC is $63,165.78, which is below both the EMA50 at $63,829.06 and EMA200 at $63,767.55, confirming a bearish trend structure. However, the MACD has registered a bullish golden cross at -280.01, while the RSI holds neutral at 45.19 inside the Bollinger bands.
As the price tests the upper Bollinger resistance at $64,887.25, a healthy retracement toward the 50-EMA support at $63,829.06 appears probable before any continuation higher, shaping the near-term BTC price prediction.