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Bitcoin Is Up 20% From Its Recent Bottom, Is $100k Still in Play?
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Bitcoin und Ethereum steigen: Krypto-Markt erholt sich zunehmend
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Mining Difficulty bricht ein: Bitcoin-Schürfen so profitabel wie lange nicht
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Jan 13, 2021 03:27 GMTCrypto News
Bitcoin price correction might be nearing an end as several on-chain metrics hint that the bull run is just getting started.
The downswing allowed sidelined investors to get back into the market, creating an opportunity for a new leg up.
Bitcoin price retraced more than 20% after hitting a new all-time high of $41,986 on January 8. While the chances of further losses remain high, it might set the conditions for a new influx of capital that ignites a new uptrend.
Bitcoin on-chain indicators rise to record highs
Number of Active Addresses on the Bitcoin network considers how many tokens are being transacted daily. A higher address count indicates increased adoption and investors’ activity, both of which are positive developments for the underlying asset’s price.