4 Reasons Bitcoin Is About To Regain $ 38K, Putting All-Time Highs Back Into Play
The price of (BTC) has risen above $ 38,000 after nearly 21 days below this level, with the exception of last week’s “Elon Musk” rally. There are four main factors that have coincided with the bounce in the price of BTC above this key level that could give Bitcoin another $ 42,000 shot. These factors include the neutral indicator of the Relative Strength Index (RSI), miners’ outflow decline, net trade-to-negative flow, and whale buildup. Source: CryptoQuantBitcoin Miners Position Index. Source: CryptoQuant Continue reading on Coin Telegraph
Disclaimer: Fusion Media
wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media
assumes no responsibility for any business
losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading
financial markets, it
is one of the riskiest investment forms possible.