Analysts observe that Bitcoin‘s (BTC) velocity indicator has retreated to historically low levels, suggesting a tendency for long-term holding of the largest cryptocurrency. Analysts at Standard Chartered, a major investment bank in the U.S., continue to adhere to their prediction that Bitcoin will reach $100,000 by the end of 2024. The post Bitcoin’s Velocity Indicator Hits Historic Lows: A Signal for Long-Term Holding? appeared first on COINTURK NEWS.