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Bitcoin trend lines stay unbroken during retail euphoria, Joao Wedson notes

Bitcoin trend lines stay unbroken during retail euphoria, Joao Wedson notes
Bitcoin trend lines hold amid euphoria

Joao Wedson, industry influencer, highlights that Bitcoin trend lines have not been broken.

He observes that when retail investor enthusiasm spikes, experienced large holders, often referred to as OG whales, take the opportunity to partially sell their positions.

Recent trading activity has shown diverging signals for Bitcoin, with CryptoQuant reporting that its daily Alpha indicator turned buy, while the 4-hour trend moved to a sell signal earlier this week. In related markets, SIREN and APE tokens recorded over 2.8 million trades each, overtaking Bitcoin trading volumes on Bybit and Binance during the weekend. These developments provide additional context as investor sentiment shifts between major tokens and alternative assets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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