Prices associated with on-chain demand from both speculative and hold category investors are now at oversold peaks.

The last time this happened was in October 2020. The time before that was the bottom of the COVID crash.

He goes on to elaborate on the past, pointing to February 2012. What followed was the memorable 2012-2013 bull market, during which Bitcoin became increasingly popular with investors.

20220204-81.png.webp As shorts gain the upper hand, bulls are struggling to pull up BTC | Source: BTCUSD on TradingView.com

Text source: Newsbtc

Last updated on February 4, 2022

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