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BTC price 3-week highs greet US CPI — 5 things to know in Bitcoin this week

Published 01/09/2023, 04:25 AM
Updated 01/09/2023, 06:00 AM
© Reuters.
BTC/USD
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BTC/USD
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Bitcoin (BTC) starts a new week on a promising footing with BTC price action near one-month highs — can it last?

In a new year’s boost to bulls, BTC/USD is currently surfing levels not seen since mid-December, with the weekly close providing cause for optimism.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView
BTC/USD annotated chart. Source: Michaël van de Poppe/ Twitter
BTC/USD annotated chart. Source: Venturefounder/ Twitter
Fed target rate probabilities chart. Source: CME Group/ Twitter
GBTC premium vs. asset holdings vs. BTC/USD chart. Source: Coinglass
Bitcoin miner net position change chart. Source: William Clemente/ Twitter
Bitcoin miner balance chart. Source: Glassnode/ Twitter
Bitcoin network fundamentals overview (screenshot). Source: BTC.com
Crypto Fear & Greed Index (screenshot). Source: Alternative.me
Bitcoin spent output value bands annotated chart. Source: CryptoBitcoinChris/ Twitter

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