Bitcoin erases May crash losses as BTC price rebounds to $44K

Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19-crash.  Meanwhile, there are increasing speculations that BTC could undergo a similar upside boom like the one that began in October 2020.

Bitcoin reached $44,600 before correcting lower on profit-taking sentiment. Source: TradingView.com

At least two indicators expected Bitcoin to pursue massive uptrends. The first one was Glassnode’s Entry-Adjusted Net Unrealized Profit/Loss that…


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