Bitcoin sellers in disbelief

Crypto Signals – Bitcoin (BTC) closed July above $41,000 in a “bullish engulfing” candle that dramatically upends its previous downtrend.

In a tweet on Aug. 1, investor and entrepreneur Alistair Milne joined many celebrating a classic return to form for BTC price action.

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Bitcoin refuses to flip bearish
After seeing three straight monthly red candles in a row, BTC/USD held onto late gains to post a monthly close that few had anticipated.

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Moskovski highlighted the long-term holder spent output profit ratio indicator (LTH-SOPR), which this weekend hit its lowest levels in 2021.

SOPR looks at the value of coins moved in a particular time period to get an impression of profitability of coins being sold. A downtrend towards the neutral 1 value.

Bitcoin sellers in disbelief

Dollar Down Near One-Month

Bitcoin sellers in disbelief

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Dollar Weakens Ahead of Key Payrolls Data

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Bitcoin sellers in disbelief

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