‘Coin days destroyed’ spike hinting at BTC price bottom? 5 things to watch in Bitcoin this week By Cointelegraph

[ad_1]

© Reuters.

(BTC) heads into the last week of February lower but shows signs of strength as a key support level holds.

After a nervous few days on macro and crypto markets alike, is below $40,000, but signs are already there that a comeback could be what starts the week off in the right direction.

S&P 500 1-day candle chart. Source: TradingView
futures 1-hour candle chart. Source: TradingView
Bitcoin addresses with a balance of 0.01 BTC or more. Source: Glassnode/Twitter
Bitcoin coin days destroyed (CDD) chart. Source: CryptoQuant
Crypto Fear & Greed Index (screenshot). Source: Alternative.me