Mining Indicators Suggest Bull Rally Just Beginning — Bitcoin (BTC) On-Chain Analysis – BeInCrypto

Despite the increase in the price of BTC, the indicator now gives a reading of 0.06, close to the upper portion of this range.

While the BTC price continued to decrease after the return to the range, an upward movement eventually began.

A bearish cross between these two MAs is represented in the chart by a shift to a light red area when mining costs overtake rewards.

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics.

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