Picture of the author

Sky Victor

08/10 06:04

There Is Another Rally Ahead On-chain metrics add

There Is Another Rally Ahead

On-chain metrics add more weight to the bullish narrative as well, with the Stock-to-Flow (S2F) ratio hitting new a high at 154. This metric shows that Bitcoin is becoming scarcer and is generally a sign of solid demand cycles. 

1000206908

Therefore, on-chain fundamentals support a positive long-term outlook. Together with macro and technical indicators, the current position of Bitcoin indicates the possible convergence of another significant rally.
1000206909

In conclusion, as bullish signals flash all over the board, Bitcoin seems to be on another possible breakout. The golden cross, macro policy changes and robust on-chain patterns offer support in layers. But the support of key trendline levels is still crucial in confirming the next leg up. If these conditions continue, Bitcoin price may be setting up for a big move in the coming months.
#Post To Earn Bonus#Win 200 USDT: Is ETH Kicking Off Altcoin Season? #Claim1,200 USDT in the Monthly Creation Challenge#Do you think TREE is promising? #Do you think Tanssi is promising?
2Compartilhar

Todos os comentários0Mais recentesDestaques

Mais recentesDestaques
noContent

Nenhum registro