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Sunday, September 19, 2021

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Bitcoin bull run expected as “exhausted” bears sell at a loss By CoinTelegraph

A bullish run for Bitcoin is expected as the

() Bears are “sold out” and even selling at a loss this week, recent data confirms.

  • Bitcoin price metric that turned green just before the recent uptrend returns

In a tweet Tuesday, Philip Swift, an analyst at the Decentrader trading suite platform, saw an ongoing uptrend in the spent production profit rate (SOPR).

Bitcoin bears run out of FUD SOPR, a classic metric for determining oversold periods in Bitcoin markets, among other things, switched to “buy” for the first time since July last week.

Read the full article on Cointelegraph

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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