Bitcoin’s $82K Defense Over the Weekend Confirms Bullish ‘2021 Fractal’ – Analyst

• 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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