Buy pressure ‘in bull market territory’ — 5 things to know in Bitcoin this week
Is it really different this time? Bitcoin is back at the yearly open, but they jury's out when it comes to what's next.
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Is it really different this time? Bitcoin is back at the yearly open, but they jury's out when it comes to what's next.
A comedown from its highest levels in a week sees Bitcoin price action hover immediately under short-term support targets.
2022's bear is 2019's bull as Bitcoin active entities number around 275,000 per day in February.
Advanced NVT was already hinting that Bitcoin was "seriously cheap," but has now printed a rare buy flag.
Investors, not short-term traders, will be the likely beneficiaries of upcoming BTC price moves, popular names agree.
Bitcoin remains attractive for seasoned hodlers, as $50,000 now becomes the point at which confidence could turn to anxiety.
Current limp Bitcoin price performance is not fooling analysts, as Advanced NVT Signal joins those predicting a dramatic BTC renaissance.
Testing times continue for Bitcoin bulls with the trillion-dollar market cap next up for support.
One analyst hails a successful retest of monthly support, but nervousness is increasing on the back of 11% daily losses.
Technical data contrasts with sideways price action as analyst warns not to sell BTC at $62,000.