News Formal

If this is true, Bitcoin will soon exit the bear market

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

TrueUSD’s market cap has been on the rise, which historically was followed by hikes in BTC’s price. Metrics also pointed at a possible market bottom.

Also, the low NVT Signal suggested a possible market bottom, indicating that this was the right time to accumulate Bitcoin. In fact, whales have already started accumulating, a sign that they were expecting the coin’s price to surge in coming days.added about 11,629 coins to their existing supply since the crash on 17 August.

Not only the aforementioned updates, but several other metrics also supported the possibility of a price uptick. For instance, BTC’s exchange reserve decreased. BTC’s aSORP was green as well.This meant that more investors were selling at a loss. However, in the middle of a bear market, it can indicate a market bottom.inary CDD was green, suggesting that long-term holders’ movements in the last seven days were lower than average.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 22. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Bitcoin Miners’ Stock Market Lifeline Becomes Irritant to ShareholdersThe equity lifeline used by many Bitcoin miners to help weather the most recent crypto winter is beginning to irk some shareholders.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »