2022 – On-chain data flashes Bitcoin buying signals, but the bottom could be below $2022 according to Cointelegraph


Flashes of On-chain Data Buy Bitcoin Signals, But Bottom Could Be Below $20,000

Every investor is looking for signs that the market is approaching a bottom, but this week’s price action suggests that we are not there yet.

Evidence of this can be found by looking at the monthly return of Bitcoin (Bitcoin), which hit a rapid decline that “resulted in one of the largest declines in monthly returns for an asset class in its history”. to me To the latest market information newsletter from Blockware Solutions.

Bitcoin monthly returns. Source: Blockware Solutions
vs. 180-week exponential moving average chart. Source: Blockware Solutions
NVT modified by Bitcoin Corporation. Source: unknown
The rest flow is modified by the bitcoin entity versus the rest state modified by the bitcoin entity. Source: unknown
Bitcoin Mayer Multiple. Source: Blockware Solutions

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