Bitcoin made a solid recovery on Sunday and continued its momentum on Monday, driven by expectations of a potential trade deal between the US and China. Glassnode said in an X post that the negative sentiment and selling pressure seem to have peaked, suggesting a possible trend reversal. A positive sign for the bulls is that BTC has been consolidating in a large range near the all-time high for several weeks, and bears have failed to sustain the break below the range. That suggests the bulls are not hurrying to exit their positions as they anticipate another leg higher. Although a rally toward the all-time high ... (full story)