Bitcoin Market Rebounds: Signals Point To Potential Bullish Trend

Bitcoin Market Rebounds: Signals Point To Potential Bullish Trend

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Source: TheMerkle.com

Bitcoin, the world’s leading cryptocurrency, has seen a significant resurgence in its market value, climbing back up to $59.3K after a period of volatility. This surge is accompanied by an intriguing indicator: 84.4% of the network’s available supply is now in profit, marking its lowest level in two months. 

Traditionally, such dips in this ratio tend to signal more favorable conditions for bullish activity.

🤑 #Bitcoin's market value has rebounded

Read More https://themerkle.com/bitcoin-market-rebounds-signals-point-to-potential-bullish-trend/

The post "Bitcoin Market Rebounds: Signals Point To Potential Bullish Trend" appeared first here TheMerkle.com.

Source: TheMerkle.com

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