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‘Most bullish macro backdrop in 75 years’ — 5 things to watch in Bitcoin this week -Breaking

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© Reuters.

(BTC) starts a new week in a strange place — one which is eerily similar to where it was this time last year.

After what various sources have described as an entire twelve months of “consolidation,” is around $42,000 — almost exactly where it was in week two of January 2021.

BTC/USD candle chart. Source: Rekt Capital/ Twitter (NYSE:)
BTC/USD 1 Day Candle Chart (Bitstamp) – RSI TradingView
Screenshot of the live Bitcoin hashrate chart. Source: MiningPoolStats
Stock-to-flow cross-asset (S2FX) chart. Source: PlanB/ Twitter