Bitcoin bulls eye BTC price comeback as cash inflows echo late 2020

Bitcoin (BTC) is displaying fresh bull run signals as BTC price strength produces 7% daily gains.

BTC/USD 1-hour chart. Source: TradingViewBTC price bounces after snap sell-off

Data from Cointelegraph Markets Pro and TradingView hints that upside momentum may continue as on-chain metrics reset.

Bitcoin “needed to cool off” after hitting $44,000 this month, analysis believes, and after a trip to near $40,000, conditions are improving.

In a post on X (formerly Twitter) on Dec. 13, Philip Swift, creator of statistics resource Look Into Bitcoin, showed profit-taking surging as BTC/USD hit its latest 19-month highs.

He flagged the Value Days Destroyed (VDD) Multiple metric, which multiplies…

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