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Bitcoin's drop below $77,000 hides three bullish signals
Bitcoin (BTC) slipped below $77,000 over the weekend. The cryptocurrency has now extended a four-day losing streak, erasing nearly 6% of its weekly value. At press time, Bitcoin traded at $76,819, down 0.1752% over the past day. Despite the drawdown, three quieter signals tell a different story. Wallet growth, a contrarian retail flip, and a recovering BTC/gold ratio paint an optimistic picture for BTC. Data from Santiment shows bearish BTC commentary now exceeds bullish posts for the first time since April 21. The analytics firm treats the shift as a contrarian indicator. “Since crypto historically moves opposite ... (full story)
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