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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.

As risk appetite continues to remain tepid and after a relatively quiet weekend, Bitcoin bulls will now be facing another week of bearish sentiment in the global economy.

1-hour candle chart (Bitstamp). TradingView
Chart showing Bitcoin Advanced NVT (light blue). Source: LookIntoBitcoin
Bitcoin miner outflows 1 hour chart (7-day moving mean). Source: Glassnode/Twitter
U.S. currency index (DXY), 1-day candle chart. TradingView
GBTC Price vs. Holdings vs. GBTC Premium Chart. Source: Coinglass
Crypto Fear & Greed Index. Source: Alternative.me