Swissblock, Bitcoin (BTC) is prepared for explosives in the middle of the short -term dipping process
Swissblock, a leading crypto analysis company, says that a basic metropolis is in the middle of a large market of Bitcoin (BTC).
Swissblock says it holds a close watch in the Bitcoin Basic Index (BFI), a metric that combines liquidity and network growth on the social media platform.
According to Swissblock, BFI strengtheningIt shows the stable entrance of the new market participants, bringing new liquidity to the BTC network.
“Bitcoin points to a bottom, not the end of the bull market!
In the final stages of the lower process, then an explosive movement.
The BFI tells us what happened. “
Swissblock he says Bitcoin’s liquidity conditions need to rise slightly to verify the reversal of a large rise.
“After the liquidity has passed 50, the change will suddenly rise and leave very little space for the bears to react.”
Based on Swissblock’s graph, Bitcoin’s liquidity level is circulating at 44.
According to Analytics, the rise view of BTC supported With the increasing M2 money supply following the total amount of money in an economy.
“This is compatible with the growth in the M2 supply. Bitcoin delays this growth, but gradually grows.”
However, while Swissblock rises in BTC, the company notes It is still in the field of BTC’s possibility of witnessing another sales event.
“Yes, in the short term, the lower process continues and goes to the final stage.
What comes next is probably an explosive movement.
And yes, another casting is still possible in the short term. In terms of price, it will represent an entry point for new participants and more liquidity to the system. “
During writing, Bitcoin is traded for $ 75,014 over 7% during the day.
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