Bitcoin (BTC) closes 4 consecutive days of Yesil candles after 10 years, price rises to $ 42k

The price of Bitcoin (BTC) rose above $ 42K for the first time in a month this morning, as the leading cryptocurrency looks to be emerging from its two-month decline phase. The price rise prompted BTC to record a new monthly high of $ 42 at $ 235 before falling below $ 42k. the next resistance is at $ 45K, and if the BTC manages to break, the previous Ath 64 will return to the path of retesting the $ 863.

The top cryptocurrency indicators in the chain began to flash bullish signals again, as they included 10-day Yesil candles for the first time in more than 4 years. May Yesil last managed to light 10 consecutive days of green candles in May 2017, with 12 in a row.

Source: TradingView
Bitcoin has spent much of the past two months under $ 35k, with periodic outages of up to $ 40k. $ 40,000 was the main resistance he managed to overcome, and he needs to rise above $ 40k to continue his bullish momentum.

The index of fear and greed & # 39; goes back to greed & # 39; ”
The fear and Greed Index reflects market sentiment towards the asset. The index has remained at 10 in recent months, decrying extreme fear among investors. The index was neutral only a few days ago when its value rose to 50, but now at 60, decimating greed among investors.

Source: Alternative
Bitcoin’s foreign exchange output also hit a new 5-year high, as traders continued to pull record amounts of BTC from exchanges. A total of 60,000 BTC walked away from the exchanges, which cut fair delivery to a 5-year low.

FYI, yesterday was the biggest day of net outflows from exchanges since mid-2016, when stock market balances fell to 60 004 BTC.

Look at whether there is a fall in currency balances over the next few weeks.

– Will Clemente (@Wclementeiii)July 29, 2021

Bitcoin wallet activity also increased significantly last week, up 30%.

“Bitcoin saw a resurgence in active organizations last week

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