Bitcoin’s $82K Defense Over the Weekend Confirms Bullish ‘2021 Fractal’ – Analyst
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- Bitcoin bounced off $82,000, a move analysts compare to a reversal of the 2021 crash pattern.
- Santiment data shows retail “fear” is peaking, historically a strong contrarian buy signal.
- However, Glassnode warns Bitcoin is in “no-man’s land” below the short-term holder cost basis.
Bitcoin’s bounce off support above $82,000 over the weekend is reflecting on BTC price today, leading several analysts to confront the suspicion of a BTC bull run in its early stages. One such analyst has identified a repeat of Bitcoin’s 2021 behavior that led to the bear market, only that this time, the cryptocurrency defended the support for a potential reversal.
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$ 73.30K
-3.31%
$ 0.0831
-3.40%
$ 0.0173
+5.11%
$ 0.00321
-1.53%
$ 0.00287
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In This News
Coins
$ 73.30K
-3.31%$ 0.0831
-3.40%$ 0.0173
+5.11%$ 0.00321
-1.53%$ 0.00287
-3.89%Funds
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