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Moving past these divergences will put Bitcoin’s ‘resilience’ to test
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Bitcoin registered its largest weekly close during the middle of October, and last week, it was topped again by closing at $62,500. Over the current week, Bitcoin reached as high at $69,000 but at press time, it is currently consolidating under $64,000 yet again.
While the long-term narrative is strongly bullish right now, signs of concerns are surfacing all over on-chain fundamentals and the tide may turn in the opposite direction.
Source: Santiment
One of the strongest sell signs is currently
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Expert calls El Salvador’s Bitcoin volcano bonds, ‘Michael Saylor playbook for a country’ ambcrypto.com /3 years ago
Bitcoin too volatile to be adopted as legal tender, says BoE chief cointelegraph.com /3 years ago
Explained: All about El Salvador's volcano-powered bitcoin bond economictimes.indiatimes.com /3 years ago
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