Bitcoin (BTC) starts the second week of February in a newly bearish mood as multimonth highs fail to hold.
In what may yet bring vindication to those predicting a major BTC price come down, BTC/USD is back under $23,000 and making lower lows on hourly timeframes.
BTC/USD annotated chart. Source: Rekt Capital/ TwitterBTC/USD 1-day candle chart (Bitstamp). Source: TradingViewU.S. Consumer Price Index (CPI) chart. Source: Bureau of Labor StatisticsBitcoin miner net position change chart. Source: GlassnodeBitcoin Puell Multiple annotated chart. Source: Philip Swift/ TwitterBitcoin NVT signal chart. Source: Glassnode/ TwitterBitcoin dynamic range NVT ratio chart. Source: Charles Edwards/ TwitterBitcoin wallet addresses vs. BTC/USD annotated chart. Source: Santiment/ TwitterCrypto Fear & Greed Index (screenshot). Source: Alternative.me
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