#Bitcoin❗️ exceeded USD 65,000. What to expect in the coming days?
Its recovery from there “tends to be a fairly reliable signal of a short-term tactical bottom,” Dragosch says. In this sense, consider that the USD 56,000 that Bitcoin touched last week may have been the minimum of the period of decline that it experienced from USD 73,700, its historical maximum recorded two months ago.
In tune, on-chain analyst James Check noted that there is “a truly epic cooldown” in bitcoin sales, as the following chart shows. “Old currencies have stopped moving, allowing breathing room for new demand to hit,” he explained.
