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Bullish 'Great Reset' for BTC: 5 things to watch in Bitcoin this week

Published 03/01/2021, 07:25 AM
Updated 03/01/2021, 09:00 AM
Bullish 'Great Reset' for BTC: 5 things to watch in Bitcoin this week
BTC/USD
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BTC/USD
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Bitcoin (BTC) is looking stable at the start of a new week after recovering from a drop to $43,000 — what’s in store?

After last week’s 20% drop from all-time highs, opinions are divided over what the future might look like for Bitcoin price action in the short term. Macro factors are encouraging, but naysayers insist that a major crash is still a distinct possibility.

DXY 1-hour candle chart. Source: Tradingview
BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview
Bitcoin adjusted SOPR chart. Source: Glassnode/ Twitter
Bitcoin weighted social sentiment chart. Source: Santiment/ Twitter

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