Bitcoin

Coin

<ul class="news-points"> 
 <li>Ali Charts recommends traders await a notable upswing in the total value of on-chain transfers before considering a full investment in BTC.</li> 
 <li>A significant medium-term bearish technical flag was triggered on BTC’s daily chart.</li> 
 <li>BTC saw its price decrease by about 0.29% over the past day which left it trading at $26,012.31.</li> 
</ul> 
Ali Charts stated in a tweet that he is awaiting a notable upswing in the total value of on-chain transfers before considering a full investment in <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>. Monitoring the Bitcoin network’s on-chain activity, especially the value of coins transferred in USD, provides a valuable signal for anticipating larger market uptrends according to the analyst. 
In the post Ali shared that throughout history, larger increases in this measure have frequently come before significant BTC bullish periods. This particular metric has been stabilizing over the last four months, which could be a good sign for the market leader. 
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 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> network activity, particularly the USD value of coins transferred on-chain, is a compelling indicator for predicting macro uptrends. Historically, significant spikes in this metric have often preceded <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> bull runs. Gi… 
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The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/btc-on-chain-network-activity-stabilizing-is-this-a-good-sign/">BTC On-Chain Network Activity Stabilizing, Is This A Good Sign?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

BTC On-Chain Network Activity Stabilizing, Is This A Good Sign?

Coin Edition

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