Why Bitcoin might end its bearish price action soon
Bullish divergence spotted on Bitcoin’s chart!
Bitcoin investors bore losses last week as the king of cryptos price dropped by more than 2% in the last seven days. According to CoinMarketCap, at the time of writing, BTC was trading at $41,592.53 with a market capitalization of over $815 billion.
Is an uptrend inevitable?
To better understand whether BTC would begin a bull rally, we took a look at its on-chain metrics. Though market indicators were bullish, a look at BTC’s on-chain metrics suggested that the possibility of an uptrend in the near term was slim.
