Bitcoin’s Key Indicator Flashing Bullish Again, Mirroring Pre-5K Breakout

BTC/USD $5274.24 +0.18% shot up over $1300 last week to hit a local high of $5330. After a slight reversal, momentum reappeared to take the pair above $5000 and hold it in an area around $5200 ever since.

This, while delighting many who are eager to call a definitive ‘bottom’ in bitcoin price, has led to uneven spreads across exchanges.

As Bitcoinist reported, it was China that led the trend this month, with the country’s traders paying extra for acquiring stablecoin Tether (USDT), their main entry point into Bitcoin and other cryptocurrencies in a highly restricted market Read More...

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