‘I think BTC is ready’ — 5 things to watch in Bitcoin this week

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‘I think BTC is ready’ — 5 things to watch in Bitcoin this week

Bitcoin (BTC) starts a new week on familiar ground below $50,000, but anticipation is building for major disruption to begin.

After a fresh push above $50,000 ended in rejection, BTC/USD is keeping traders guessing till the last when it comes to near-term price action — including the end-of-year close.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Bitcoin stock-to-flow vs. BTC/USD chart. Source: PlanB/Twitter
Fed balance sheet chart. Source: Federal Reserve
BTC/USD vs. OTC balance annotated chart. Source: Cole Garner/Twitter
BTC/USD vs. whale CVD annotated chart. Source: Cole Garner/Twitter
Purpose Bitcoin ETF holdings chart. Source: Coinglass
Crypto Fear & Greed Index. Source: Alternative.me
BTC/USD annotated chart. Source: William Clemente/Twitter

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