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Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess

NewsBTC LogoNewsBTC1w ago

Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess - NewsBTC

Quick Summary:

Bitcoin is at a critical juncture, and the recent signs of buying pressure and exchange inflows are encouraging, but they need to be backed by a sustained price recovery.

A positive netflow indicates more Bitcoins flowing into exchanges, which is typically seen as a bearish signal because it could signify investors preparing to sell.

Related Reading: XRP Whale Goes On Shopping Spree: 27 Million Coins Snapped Up As Price Dips Buying Pressure Emerges, But Can It Overcome The Downtrend?

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Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess - NewsBTC (Picture 1)Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-17 @ 13:30:39 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21283711

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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The story "Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess" has 431 words across 76 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess" was covered 1 weeks ago by NewsBTC, a news publisher based in United Kingdom.

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NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United Kingdom and publishes an average of 10 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/metrics-signal-bitcoin-price-increase-171863308674

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