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This Bitcoin on-chain analyst says retail hasn’t “bought the dip this hard” since the Covid crash This Bitcoin on-chain analyst says retail hasn’t “bought the dip this hard” since the Covid crash

This Bitcoin on-chain analyst says retail hasn’t “bought the dip this hard” since the Covid crash

Ever since the plunge on December 3, Bitcoin price has been struggling to move past the $50.000 resistance.

This Bitcoin on-chain analyst says retail hasn’t “bought the dip this hard” since the Covid crash

Cover art/illustration via CryptoSlate

While the Bitcoin price continues to stubbornly move sideways, market watchers are wondering how the year will end–is there time for another rally or will the support at $46.000 cave? Despite the tight trading range over the past two weeks, popular Bitcoin on-chain analyst Willy Woo pointed out indicators that are showing no signs of a bear market.

Meaningful price bounce ahead? According to Woo, retail investors are taking advantage of the bearish price action–buying the dip more than usual.

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