‘Most bullish macro backdrop in 75 years’ — 5 things to watch in Bitcoin this week By Cointelegraph



© Reuters.

(BTC) starts a new week in a strange place — one that is eerily similar to where it was this time last year.

After what various sources have described as an entire 12 months of “consolidation,” is around $42,000 — almost exactly where it was in week two of January 2021.

BTC/USD annotated candle chart. Source: Rekt Capital/Twitter
BTC/USD 1-day candle chart (Bitstamp) with RSI. Source: TradingView
Live Bitcoin hash rate chart screenshot. Source: MiningPoolStats
Stock-to-flow cross-asset (S2FX) chart. Source: PlanB/Twitter