Bitcoin Price Is Down, But Data Signals That $30K and Above Is the Path of Least Resistance.

– Bitcoin’s price has experienced a correction to $29,000, but there are indicators suggesting that traders are optimistic about a quick rebound.

– Despite the price drop, various Bitcoin price metrics indicate that traders are placing bets on a rapid recovery.

– These metrics include the number of active addresses, which has remained steady, indicating continued interest and activity in the Bitcoin market.

In summary, despite the recent price correction, traders are showing confidence in Bitcoin’s potential for a quick rebound. This is evident through various price metrics that suggest continued interest and activity in the market.