Bitcoin's price has seen a 2% increase in the past week and its weekly chart indicates gains. Glassnode predicts that BTC's price volatility may rise in the near future, but the negative balance of BTC on all exchanges suggests that investors are purchasing BTC.
BTC's open interest is also on the rise, increasing the likelihood of an ongoing uptrend. While market indicators on BTC's daily chart generally favor the bulls, the Bollinger Bands indicate that BTC is currently in a less volatile zone.
All Comments