Biggest GBTC discount ever — 5 things to watch in Bitcoin this week By Cointelegraph


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© Reuters.

(BTC) starts a new week with analysts looking for a bottom — but one which may not mean a dip to $40,000 or lower.

After an unremarkable weekend, Bitcoin bulls now face a fresh week of bearish sentiment across the global economy as risk appetite stays tepid.

1-hour candle chart (Bitstamp). Source: TradingView
Bitcoin Advanced NVT signal (light blue) chart. Source: LookIntoBitcoin
Bitcoin miner outflows 1-hour chart (7-day moving average). Source: Glassnode/Twitter
U.S. dollar currency index (DXY) 1-day candle chart. Source: TradingView
GBTC price vs. holdings vs. GBTC premium chart. Source: Coinglass
Crypto Fear & Greed Index. Source: