Delving Deeper Into Bitcoin On-Chain Data
Thursday, 23 May 2024, 09:30
Delving Deeper Into Bitcoin on-Chain Data
Bitcoin's price surge to $72,000 has been validated by on-chain data analyses, emphasizing the importance of monitoring key indicators. By examining Hash Ribbons, Coin Days Destroyed, and Short-Term Holders Realized Price Ratio, we can gain a deeper understanding of market dynamics. Positive signals suggest a potential bull run with future projections pointing towards a price target of $82,000.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.