Bitcoin (BTC) heads into the end of Q1 near two-week highs as trader sentiment diverges from improving technicals.
Bitcoin market participants are positioned for a fresh BTC price dip, which could even form new multimonth lows.
PCE week coincides with the last full trading week of March, and risk assets are showing a hint of optimism.
When it comes to BTC price strength, RSI is increasingly demanding bullish continuation.
Bitcoin’s short-term holders are under pressure amid serious unrealized losses.
Stablecoin stocks on Binance hit record highs in what research hopes is a positive signal for investor confidence.
Bitcoin traders see downside reversal next
Bitcoin is nearing a rematch with two-week highs as the week gets underway, data from Cointelegraph Markets Pro and TradingView shows.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Among traders, however, the mood remains firmly cautious.
Bulls have a