Bitcoin sell-off over? Strong 'buy the dip' signal flashes for the first time in 5 months

Cointelegraph

Published Feb 28, 2021 05:09AM ET

Updated Mar 01, 2021 05:00AM ET

The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week.

BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview

The BTC/USD pair briefly dipped below $44,000 on Bitstamp before paring some of the losses, bouncing back above $45,000 at the time of writing.

Bitcoin funding rates. Source: Bybt.com
BTC price vs. SOPR. Source: DecenTrader/Twitter @PositiveCrypto

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