Bitcoin (BTC) starts a new week in an altogether different m

Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.

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BTC

74,650.01

-0.36%

263

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The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.

short-term profit-taking sentiment among day traders pushed the price lower toward $27,850 later in the day.

The last time the sell-side risk ratio was this low was in late 2015, which started the bull run that reached $20,000 in December 2017.

Glassnode’s lead on-chain analyst Checkmate said in his comments on May 24 that the sell-side risk ratio metric suggests that “sellers are exhausted on both sides,” and that indicates big moves “are coming.”

BTC was down against the altcoin leader by about 0.02%.

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.

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Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.