BTC Recently Triggered a Long-Term Bullish Technical Flag: Report
- Santiment tweeted their latest Insights report for Bitcoin (BTC).
- The report highlighted that a long-term bullish technical flag has been triggered for BTC.
- At press time the crypto market leader’s price is up 0.47% over the last 24 hours.
The blockchain analytics firm Santiment (@santimentfeed) tweeted this morning that the average returns for long-term and short-term Bitcoin (BTC) holders has “blasted into positive territory for the first time in 14 months.
In the tweet, Santiment also shared their latest Insights which covers how this key technical event is valuable in attempting to gauge the next bull run.
— Santiment (@santimentfeed) March 20, 2023
The average returns for #Bitcoin amongst long-term hodlers and short-term "new money" has blasted into positive territory for the first time in 14 months. Our latest insight covers how this key indicator cross is valuable to gauge the next #bullrun. https://t.co/g2lSi9OXoI pic.twitter.com/50z1LPmXcD
The report published yesterday started by stating that one of Santiment’s tools, the MVRV Long/Short Divergence, is a key indicator in aiding investors in long-term decisions. According to the report…
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