Stock Groups

Analysts say bulls will aim for $48K now that Bitcoin’s ‘accumulation phase’ has begun -Breaking

[ad_1]

© Reuters.

In spite of the events around the globe, investors have noticed a positive shift in sentiment in cryptocurrency’s ecosystem over the past week. Currently, (BTCThe price of a cryptocurrencies ( ) has risen to $43,500, and altcoins have also seen double-digit gains.

Crypto Fear & Greed index. Source: Alternative

Recent actions by the governments in Ukraine to restrict access to banks may have brought attention to cryptocurrency’s value. This provides some protection from uncontrollable events, as well as what might be perceived to be government overreach.

BTC/USDT 1-day chart. Source: TradingView
1-week chart. Source: Twitter
Bitcoin UTXO age ranges Source: Twitter
BTC/USD 1-day chart. Source: Twitter