But it was another choppy day for Bitcoin (BTC), as it continued to trade near the $34,000 region, registering a slight gain of 1.5 per cent in its price, compared to the previous day. Mid day, BTC negotiated the first resistance level of $34,900 to brush past $35,000, before sliding back to close at $34,300. Data from CryptoQuant, an on-chain market intelligence firm, showed that HODLing tendencies (popular acronym for “hold on for dear life”) among investors are increasing in response to BTC’s current bearish phase. This was apparent in the 9.5 per cent rise in daily trading volume of BTC, which traded well past critical support levels and continues to dominate the market with a share of 44.25 per cent.