Bitcoin’s SOPR indicator has seen a full reset, turning negative for the first time in 5 months
The indicator points to a possible local bottom for Bitcoin
The last time it fell this low, Bitcoin went from $33,400 to $57,400
The crypto fear and greed index has fallen to levels last seen in late January when Bitcoin fell to $30k then went on to post a new all-time high above $58k
Bitcoin’s weekly/monthly close is the final bearish hurdle for BTC.
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