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Buy pressure ‘in bull market territory’ — 5 things to know in Bitcoin this week

Published 03/28/2022, 03:13 AM
Updated 03/29/2022, 05:40 AM
© Reuters.

Bitcoin (BTC) begins the last week of March with a bang after returning to its yearly opening price above $46,000.

In a surprisingly strong upward move for a weekend, BTC/USD began surging upwards Saturday, continuing overnight to challenge its highs from the start of 2022.

BTC/USD 1-day candle chart (Bitstamp) with RSI data. Source: TradingView
Bitcoin futures open interest chart. Source: Coinglass
Bitcoin long- and short-term holder realized cap chart. Source: Glassnode/ Twitter (NYSE:TWTR)
Bitcoin difficulty 7-day average chart. Source: Blockchain
Crypto Fear & Greed Index (screenshot). Source: Alternative.me

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