Hello dear readers, in this opportunity I will be socializing information about the happenings of the BTC price action main cryptocurrency by market capitalization and the signs of the bullish revival that started to show the Bitcoin price so far this year.
Multiple technical analysis indicators have been showing that the Bitcoin price action movement is showing signs of recovery that likely lead us to a potential shift from bearish to bullish.
For example, it has been mentioned that the Williams%R oscillator reveals that Bitcoin left the oversold threshold as of the January monthly close, which is certainly a good positive sign, which of course creates a good mood that can bury the retreating bad news that succumbs within the major cryptocurrency exchanges.
Recall that the cryptocurrency market so far in 2023 has received encouraging signals from macroeconomic sources, particularly from the U.S. Federal Reserve, an element that can create emotional implosions and greater confidence for institutional investors.
SOURCES CONSULTED
Cointelegraph BTC price metric that cued biggest Bitcoin bull runs breaks out at $23K. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating the public domain image background: Cointelegraph
