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Analysis: Three long-term on-chain indicators reach average support levels, indicating a bullish outlook for Bitcoin
CryptoQuant analyst Avocado wrote that several of Bitcoin's on-chain data points have reached average support levels, indicating a potential major turning point in the long run. 1. The 7-day moving average of the Fund Flow Ratio has touched 0.05 and now shows a slight rebound. This indicates that investors are starting to trade on exchanges again. The 0.05 level has historically been when the indicator stops...
2024-09-23 11:21:13
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