Home BlockchainBitcoin Bullish Analysis Eyes a Trip to $75,000 This Week

Bitcoin Bullish Analysis Eyes a Trip to $75,000 This Week

by CoinTelegraph
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Bitcoin (BTC) starts a new week at an important crossroads as analysis sees the chance for a new short squeeze

  • Bitcoin closes the week above a key 200-week trend line, leading to fresh belief in a trip to $75,000.

  • Liquidations stay elevated, with a trader noting that longs should be in the driving seat going forward.

  • US inflation data piles up, saving risk-asset volatility for later in the week.

  • Bitcoin onchain profitability data paints a dangerous picture, with the net unrealized profit and loss ratio…

https://cointelegraph.com/news/75k-or-bearish-regime-shift-five-things-to-know-in-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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