Five of seven on-chain datasets indicate beginning of bull run
May 20, 2024, 4:56 AM
Although crypto markets have shown consolidated movement over the past three months, five of seven on-chain indicators suggest that the bull market is around the corner, according to Cointelegraph citing on-chain analyst ELI5 of TLDR (X account: @explain_briefly). The following are these five indicators:
- Bitcoin dominance above 56%
- Bitcoin MVRV Z score under 6
- Puell Multiple under 3
- Rising HODL Waves
- Recovering Bitcoin mining hash rateLog in to leave comments!
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