 | On-chain data analyze the cryptocurrency transactions that occur on the blockchains. In this sense, it is one of the good indicators we have to understand how the market is doing. All recent on-chain data confirms we are ready for a 2nd round of BULLRUN! I will show only two examples of last week: SOPR confirming the broader market trend is bullish (Credits: @ WClementeIII / Glassnode) Adding the on-chain data to the forecast models of the BTC price S2F/S2FX or Rainbow chart, it can be said that everything indicates that we will have good prospects in the coming months! Clearly, the moment is bullish! Best regards and earning! [link] [comments] |
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