Bitcoin on Tuesday showed the maximum growth over the past month.
BTC has overcome an important technical level of 200-WMA. The fear and greed index came out of the state of "extreme fear" for the first time in 2.5 months.
Glassnode pointed out signs of the formation of a "bottom". Miners can still collapse bitcoin, CryptoQuant warns.
Bitcoin jumped 8.5% on Tuesday, ending the day around $23,300 amid a rise in US stock indexes and a weakening dollar. BTC has tested highs since June 13 around $23,700.
The first cryptocurrency has overcome an important level of the 200-week moving average, which is now around $22,630. If the bulls manage to close the week above this level, it will be possible to state the restoration of important BTC support.
The cryptocurrency fear and greed index on Tuesday moved into a state of "fear" from "extreme fear" for the first time since the beginning of May. The index itself became the highest since April 11, when BTC was worth more than $40,000.
After waves of capitulations in May-June 2022, bitcoin quotes have been below the realized price for a month. There were other signals of the formation of a potential bottom, according to Glassnode.
The research company CryptoQuant has warned investors that the mass sale of BTC by miners in a falling market may provoke a continuation of the decline of bitcoin.
The US Federal Bureau of Investigation (FBI) has warned about the spread of fraudulent applications for investing in cryptocurrencies and their subsequent theft from American investors.
Circle, the issuer of the USD Coin stablecoin, has confirmed plans to enter the stock market in the fourth quarter of 2022.