Bitcoin Just Recovered to $35,000 After Yesterday's 25% Crash

Bitcoin Just Recovered to $35,000 After Yesterday's 25% Crash

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Bitcoin is ripping higher despite yesterday’s correction.

The cryptocurrency plunged as low as $30,000 yesterday as buying selling rapidly picked up on platforms such as Coinbase, analysts said. This came after Bitcoin peaked at $42,000 late last week. While Bitcoin is not yet in the clear on a short-term time frame, analysts are starting to think that the bottom is in after key technical signs appear.

On-Chain Trends Still Bullish for Bitcoin

Aleks Larsen, a venture investor at Blockchain Capital, noted recently in an extensive Twitter thread that the on-chain fundamentals for Bitcoin are still strong.

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Commenting on Bitcoin’s on-chain trends, the investor wrote:

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