This Bitcoin Metric Could Trigger the Next BTC Bull Run

This Bitcoin Metric Could Trigger the Next BTC Bull Run
фото показано с : bitcoinist.com

2019-12-18 09:00

There are a number of varying metrics that Bitcoin analysts use to predict future price movements of the asset. One rarely used oscillator takes BTC energy value into account and it is flashing bullish at the moment.

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Bitcoin (BTC) на Currencies.ru

$ 97854.26 (+0.22%)
Объем 24H $95.099b
Изменеия 24h: 4.92 %, 7d: 7.63 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1936.083b Rank 1
Цена в час новости $ 6628.69 (1376.22%)

bitcoin btc takes value energy oscillator used

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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

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