Four reasons why bitcoin (BTC) Bull Run could become a reality.
The Bitcoin price has a clean BTC exchange flow - the next factor to consider. Over the past month, the outflow has exceeded the inflow (for most days), indicating a shift from centralized platforms to self-storage methods. This is considered bullish as it reduces immediate selling pressure by 15% since reaching a historical high of over $73,500 in mid-March. However, some important indicators suggest that a bullish resurgence may be on the horizon.
One such indicator is the Fear and Greed Index, which measures the current sentiment of investors based on various factors. It ranges from 0 to 100, with a ratio above 50 indicating a state of "greed".
In the past few days, the index has entered the 'insurance' and neutral territory for the first time in several months. However, investors and traders may interpret this as an opportunity to buy. After all, one of Warren Buffett's investment advice is to be greedy when others are fearful, and vice versa.
The net BTC exchange flow is the next factor to consider. Over the past month, the outflow has exceeded the inflow (on most days), indicating a shift from centralized platforms to self-custody methods. This is considered bullish as it reduces immediate selling pressure. [撇嘴] [撇嘴] [撇嘴] [撇嘴]#BTC
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Four reasons why bitcoin (BTC) Bull Run could become a reality.
The Bitcoin price has a clean BTC exchange flow - the next factor to consider. Over the past month, the outflow has exceeded the inflow (for most days), indicating a shift from centralized platforms to self-storage methods. This is considered bullish as it reduces immediate selling pressure by 15% since reaching a historical high of over $73,500 in mid-March. However, some important indicators suggest that a bullish resurgence may be on the horizon.
One such indicator is the Fear and Greed Index, which measures the current sentiment of investors based on various factors. It ranges from 0 to 100, with a ratio above 50 indicating a state of "greed".
In the past few days, the index has entered the 'insurance' and neutral territory for the first time in several months. However, investors and traders may interpret this as an opportunity to buy. After all, one of Warren Buffett's investment advice is to be greedy when others are fearful, and vice versa.
The net BTC exchange flow is the next factor to consider. Over the past month, the outflow has exceeded the inflow (on most days), indicating a shift from centralized platforms to self-custody methods. This is considered bullish as it reduces immediate selling pressure.
[撇嘴] [撇嘴] [撇嘴] [撇嘴]#BTC