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Conviction Through Confluence – Week 30, 2022 On-Chain Analysis

After a month of consolidation around the USD 20,000 zone, Bitcoin prices have experienced a long-awaited relief rally. The short-term momentum is favourable, however, remains weighed down by longer-term macro indicators, suggesting time may still be required to form a firm foundation, states crypto analytics firm Glassnode in its latest The Week On-chain report.

Uploaded on July 26, 2022.