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Bitcoin and select altcoins are showing signs of starting a new uptrend, indicating that the sentiment may have turned from selling on rallies to buying on dips.
Bitcoin (BTC) and several altcoins surprised many with their newfound strength during the weekend. Bitcoin’s rally easily sliced through the $45,900 level, which according to Glassnode was an area of resistance because several investors had purchased near that level when Bitcoin was declining after hitting its all-time high in November.

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