Today news
About the same in other media
07.11 - 22:55
'All bears will die' — Bitcoin metric prepares to flip green for the first time in 6 months
Reading now: 652
A "favorite" Bitcoin (BTC) price signal could be about to turn bullish — and upside has always resulted, data shows.
As noted by podcast host Preston Pysh on Oct. 18, the Long-Term & Short-Term Holder Realized Price Ratio (LTHSTH-RPR) looks primed to print a bull flag.
It may sound wordy, but LTHSTH-RPR is one of the most accurate Bitcoin price indicators. Its creator, Bitcoin 2021 conference organizer Dylan LeClair, confirmed his own bullishness based on its readings in late September.
“TLDR: The lower the Short-Term:Long-Term Realized Price Ratio goes the more bullish I will become,” he wrote in an explanatory Twitter thread.
Now, with the indicator trending down for several months, it is high time for a rebirth — and BTC/USD has always
Read more on cointelegraph.comAbout this in other media
Marathon Digital stock reaches 6-year high as company HODLs $460M Bitcoin cointelegraph.com /2 years ago
Another Major Bank to Begin Offering Bitcoin, Ether & Altcoin Services cryptonews.com /2 years ago
Bitcoin whale indicator detects multi-month accumulation trend as BTC eyes $67K-retest cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
