Crypto Blog
Bitcoin’s price demonstrates clear signs of recovery, with the market reclaiming some key levels. Investors are now hopeful that the correction phase is finally over.
Yet, the $65K resistance level prevents a continuation higher. Meanwhile, the RSI shows that the momentum favors a bullish move. It seems like a matter of time before the market rallies higher and even creates a new all-time high.Looking at the 4-hour chart, it is evident that the price has been making higher highs and lows since two fake breakouts below the $57K support level.
With Bitcoin’s price finally recovering from below the $60K mark, analyzing the behaviour of investors using on-chain metrics can yield both reasons for the recent recovery and indications for the future.
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