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BTC price cancels FTX losses — 5 things to know in Bitcoin this week

Published 01/16/2023, 03:57 AM
Updated 01/16/2023, 06:00 AM
© Reuters.

Bitcoin (BTC) starts a new week at new 2023 highs, but still divides opinion after a blistering price rally.

In what is shaping up to be the antidote to last year’s slow bleed to lower prices, January has delivered the volatility Bitcoin bulls were hoping for — but can they sustain it?

BTC/USD 1-day candle chart (Bitstamp) with 21-week MA. Source: TradingView
U.S. Dollar Index (DXY) 1-day candle chart. Source: TradingView
Fed target rate probabilities chart. Source: CME Group (NASDAQ:CME)
Bitcoin vs. Fed funds rate chart. Source: Ram Ahluwalia/ Twitter
GBTC premium vs. asset holdings vs. BTC/USD chart. Source: Coinglass
Bitcoin network fundamentals overview (screenshot). Source: BTC.com
Bitcoin miner BTC balance chart. Source: Glassnode
Bitcoin difficulty regression model chart. Source: Glassnode
Crypto Fear & Greed Index (screenshot). Source: Alternative.me
BTC accumulation annotated chart. Source: Santiment/ Twitter

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