Bitcoin

Coin

<ul class="news-points"> 
 <li>Bitcoin broke out of consolidation in the last 24 hours to claim $56,728.</li> 
 <li>Santiment brought attention to a bearish factor that could negate the bullish optimism surrounding Bitcoin.</li> 
 <li>The analysis pointed to the recent incident involving the BitForex exchange, halting user withdrawals without prior notice.</li> 
</ul> 
Santiment, a leading market intelligence firm, has hinted at a bearish signal amidst the prevailing bullish sentiment in the cryptocurrency market. The crypto market regained its optimism as <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a> broke out of consolidation in the last 24 hours to claim a new multi-year high.&nbsp; 
According to data from market tracking resources, Bitcoin has reached $56,728, up from a 24-hour low of $50,931. Santiment noted that with Bitcoin’s current market position, the asset is barely 20% gain away from breaking the all-time high of the previous bull market attained some 27 months ago.&nbsp; 
Moreover, the market intelligence platform highlighted that, at this crucial juncture, trader attention towards BTC is exceptionally high, with altcoins temporarily receiving less focus. 
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f973.png" alt="🥳" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> has now scratched its way to a market value as high as $57,250, reaching within 19.9% …
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The post <a href="https://coinedition.com/bitcoin-surges-above-56k-santiment-warns-of-potential-bearish-signals/">Bitcoin Surges Above $56K: Santiment Warns of Potential Bearish Signals</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Surges Above $56K: Santiment Warns of Potential Bearish Signals

Coin Edition

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