# Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders
“# Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders ” Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in the sand’, but the rally was short-lived as BTC met selling near the lower arm of the bearish pennant that…