Bitcoin’s price will continue to range or trade even lower in the next 6 to 12 months, according to a community post by Santiment yesterday.

“The group of BTC holders who own between 1,000 and 100,000 BTC is known for being a good indicator of long-term price direction,” Santiment writes. “By analyzing their behavior, we can try to understand what might be in store for the price. Recently, it looks like they’ve been net sellers, and the price has been following suit. It is with confidence that we can predict a sideways or even lower prices for BTC in the next 6-12 months.“

(By Ammara)