With a 31.6% profit in the weekly chart, Bitcoin has been retaking his mantle as the king of the crypto market during the past days. The first cryptocurrency by market cap has been moving to the upside with a strong conviction and seem poised to retake its previous highs.
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At the time of writing, Bitcoin trades at $54,659 with a 1% profit in the daily chart. During this period, BTC’s price was rejected as it entered the mid-area around its current levels.
BTC moving sideways in the daily chart. Source: BTCUSD Tradingview
In support of the bulls, Glassnode records an increase in the number of BTC investors with “diamond hands” or less inclined to