BTC Breaks Out
Bitcoin, the world’s largest crypto by market capitalization, registered a promising uptick this week as it broke past the $42,000 resistance mark. Currently hovering close to the $44,000 mark, the value of BTC rose by nearly 19% over the past seven days.
According to the latest data from TradingView, BTC whales have become active once again, moving BTC in large volumes, signaling either a market dump or pump.
The market sentiment, too, has changed drastically this week, jumping from lows of 20 (extreme fear) to 50 (neutral). Another report by on-chain data provider Santiment suggests that a new BTC rally may start sooner than expected, primarily due to the significant drop in activity of USDT wallets.
