Bitcoin's Price Movement: From Surge to Dip and Positive Flows.

Vetle Lunde, a crypto markets analyst at K33 Research, sees similarities between bitcoin's recent surge and its price pattern from 2018 into 2019. Lunde believes that faint signs last week that the US central bank would scale back its hawkish monetary policy amid mildly encouraging inflation data could boost market sentiment. Negative to neutral sales of derivatives, despite recent price gains, were further signs of investor caution. The rebound follows a year of distress, in which multiple major firms declared bankruptcy, sending risk-shy investors fleeing from crypto markets.