Crypto: Btc Price Heads Back To 2021: five Things To Know In Bitcoin This Week

Bitcoin price action headed toward the 2021 bull market highs as crypto traders warned over a future sub-$50,000 BTC price bottom.

Bitcoin (BTC) started the first week of February near 16-month lows, with traders expecting further downside.

BTC price weakness compounds after a grim weekend, with BTC/USD reaching levels not seen since November 2024.

RSI values form the main basis for expecting a market rebound.

Macro shifts begin to materialize as analysis warns that Bitcoin could be predicting future market pain.

Gold, silver and stocks head downhill, while US dollar strength rebounds.

Coinbase Premium falls deep into negative territory, underscoring a lack of US demand for Bitcoin.

Bitcoin price action left most traders firmly bearish at the weekly and monthly candle close.

Monday began even worse, with BTC/USD beating its April 2025 low to hit its lowest levels since November 2024, data from TradingView shows.

Reacting, some were already concerned about Bitcoin’s lack of strength from last year onward, and said the worst was not yet over.

Source: CoinTelegraph