Despite crypto market swings, key indicators show early signs of a bull run

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The crypto community is giving up on bulls, but they are relentless, and still coming. Will 2024 be the year of the bull?

The following weeks saw Bitcoin shoot up and altcoins follow its lead, causing the community to start preparing for a bull run.

This trend is typically a bullish signal, because fewer holders are willing to sell, even as prices rise, anticipating higher future values.Next, AMBCrypto examined the network value to transactions ratio . Since 2024 started, the NVT ratio has trended downwards towards the end of the observed period.we got, there seemed to be a strong indication that a bull run was on the way., we saw a significant fluctuation, with periods where it rose above and dips below the baseline .

 

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