Bitcoin Hit $20k the Last Time This Fundamental Indicator Flashed; It’s Back

Bitcoin’s price action has given investors mixed signals as of late, with the benchmark cryptocurrency oscillating between $10,000 and $11,000. The resistance found at the upper boundary of this trading range has proven to be quite significant, as it has catalyzed numerous rejections throughout the past few weeks. Analysts are now widely offering mixed outlooks on BTC in the near-term, noting that its mid-term trend depends...