đșđž Bitcoin enters the early phase of a new bull market cycle, according to CryptoQuant
- Bitcoin (BTC) is showing signs of entering a new bull market, as key indicators from CryptoQuant are rising, although more confirmation is still needed.
- This cryptocurrency has increased by around 24% since August 17, reaching $80,000, driven by plans to buy U.S. Treasury bonds and comments by President Trump.
- To confirm the bull cycle, Bitcoin needs to close the daily session above the 365-day moving average line, currently near the $83,000 level; meanwhile, potential selling pressure is reflected in high unrealized gains and an increase in funds being deposited to exchanges.
Source: CryptoPotato
đ Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin (BTC) is showing signs of entering a new bull market, as key indicators from CryptoQuant are rising, although more confirmation is still needed.
- This cryptocurrency has increased by around 24% since August 17, reaching $80,000, driven by plans to buy U.S. Treasury bonds and comments by President Trump.
- To confirm the bull cycle, Bitcoin needs to close the daily session above the 365-day moving average line, currently near the $83,000 level; meanwhile, potential selling pressure is reflected in high unrealized gains and an increase in funds being deposited to exchanges.
Source: CryptoPotato
đ Updated by GemCrypto
$BTC
#Bitcoin #Crypto
