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Biggest GBTC discount ever — 5 things to watch in Bitcoin this week -Breaking

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© Reuters.

(BTC) starts a new week with analysts looking for a bottom — but one which may not mean a dip to $40,000 or lower.

The global risk appetite remains sluggish, and Bitcoin bulls are now facing a bearish week after a relatively quiet weekend.

1-hour candlechart (Bitstamp). TradingView
Chart showing Bitcoin Advanced NVT (light blue). Source: LookIntoBitcoin.com
Bitcoin miner outflows in 1-hour chart (non-moving average for 7 days) Source: Glassnode/ Twitter
U.S. currency index (DXY), 1-day candle chart. TradingView
GBTC prices vs. holdings vs. GBTC Premium chart. Source: Coinglass
Crypto Fear & Greed Index. Source: Alternative.me