Bitcoin (BTC) Metrics Point To Local Bottom At $49,500 – Details
Submitted by Anonymous (not verified) on Wed, 09/18/2024 - 04:00Bitcoin is at a crucial point after several days of recovery and consolidation.
Bitcoin is at a crucial point after several days of recovery and consolidation.
Since last Friday, Bitcoin has seen a 4% retrace, following a strong 15% surge from its local lows.
A quant has pointed out that a popular on-chain indicator for Bitcoin gives the asset the green light to experience bullish price action.
The Bitcoin price has been gaining momentum and steadily rising back to a more bullish price position of $30,000.
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