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BTC price returns to $43K — 5 things to watch in Bitcoin this week

Published 02/07/2022, 02:33 AM
Updated 02/07/2022, 04:20 AM
© Alpha Footage

Bitcoin (BTC) is in a fighting mood this week as the weekly close buoys bulls' cause and wipes out several weeks of downside — can it continue higher?

After challenging $42,000 over the weekend, there was a cautious sense of optimism as higher levels remained in play. Sunday saw a fresh push, with overnight progress attacking $43,000 before fresh consolidation.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
U.S. dollar currency index (DXY) 1-day candle chart. Source: TradingView
Bitcoin short-term holder SOPR chart. Source: CryptoQuant
Bitcoin URPD annotated chart. Source: TXMC Trades/ Twitter (NYSE:TWTR)
Crypto Fear & Greed Index. Source:
Crypto Fear & Greed Index annotated chart. Source: Philip Swift/ Twitter

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