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bitcoin price: Top cryptocurrency prices today: Bitcoin, Polkadot and Uniswap soar 12%

Trade by Siddharth Menon, cofounder & COO, WazirX
Bitcoin is trading between its weekly support at $32,000 and its weekly resistance at 200 DMA (Daily moving average) of $42,000. There is a lot of fear in the market because President Biden will be talking about cryptocurrency and its role in the recent ransomware hacks. A weekly close below $32,000 would be problematic for Bitcoin.
An on-chain indicator, on the other hand, has displayed an “Oversold signal”. The indicator is the “Active Addresses Sentiment Indicator” that is available at Decentrader.
ETMarkets.com
The metric compares the 28-day change in price and the 28-day change in the active address. The orange line represents the BTC’s 28-day change in price and the red and green dotted line represents the upper and the lower band of the 28-day change in active address, respectively.

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