Bitcoin Charts Update: Bitcoin goes to 35k

EXTREME FEAR FELT AS BITCOIN DIPS TO 35K, RESERVE RISK RATIO ENTERS INTO THE GREEN ZONE SIGNALING A GREAT BUY SIGNAL

BITCOIN ON-CHAIN CHARTS UPDATE

Bitcoin dips to 35k and extreme fear is still felt across the markets.

Looking at the exchanges inflows and outflows though, we can see that there’s a fair share of buyers and sellers heavily influencing Bitcoin’s volatility at the moment.

BTC Exchanges Inflow Mean

BTC Exchanges Outflow Mean

This almost feels like we’re going into a bear market without having experienced the usual parabolic blow-off top in a bull market. But assessing the investor’s risk ratio, according to the chart below, now is a good time to buy and hodl Bitcoin.

What are your thoughts on these charts? Comment down below.

For more charts relevant to market top readings, stay tuned. 😉

DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.


ABOUT THE AUTHOR

Elisa A.

Elisa is our Head of Market Analysis at Rocket Crypto X

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