What does this mean?
After seeing a spike of 1.6674 earlier today, we now might be seeing a stable and maybe bit of an increase in BTC price in the next few hours.
Look at the slow, yet steady increase in price. If you are a day trader (or leverage trader) and you do the hourly trades, this might be an opportunity for you to buy some. Then when the mean starts spiking again, get ready for selling to secure profits.
Also, if you’d take a look at other charts, every single one of them is trending down. RHODL Ratio, MVRV Ratio and Z Score, and NUPL are all indicating a buy signal. Top isn’t at all near at this moment.
I’d say Bitcoin is still accumulating and getting ready for its next move up. Be sure you’re ready when that happens!
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.
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