4 Reasons Bitcoin Is About To Regain $ 38K, Putting All-Time Highs Back Into Play By Cointelegraph


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

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