Bitcoin's Timely Tailwind π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by David Cox.
Bitcoin ($BTC) is on track for its second best day of the year as it attempts to snap a five week losing streak.
Next week has historically been Bitcoinβs strongest week of the year, aligning with a potential shift in momentum.
That said, $BTC is still sitting in a 44% drawdown and has significant damage to repair before the coast is clear.
The Takeaway: After a significant upside day, Bitcoin is heading into its strongest seasonal week of the year.
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