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Bitcoin Has Exited Capitulation Regime as Momentum Rebuilds: Analysts


Bitcoin Has Exited Capitulation Regime as Momentum Rebuilds: Analysts

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Bitcoin touched a five-week high of $65,700 as analytics platform Swissblock said momentum is rebuilding but formal confirmation has not arrived. Swissblock said BTC has exited a capitulation regime and entered a transition area, implying a cautiously bullish outlook for crypto market impact and adoption while risks remain until confirmation.

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Bitcoin momentum is rebuilding, but confirmation has not arrived yet, said analytics platform Swissblock on Monday as BTC tapped a five-week high of $65,700.

“Bitcoin has exited its capitulation regime and is once again inside the transition area,” they added.

Read the article at CryptoPotato

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In This News

Coins

$ 66.42K

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$ 0.00168


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View analytics →
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