Swissblock says that Bitcoin (BTC) is preparing to move the explosive bullish trend in the short -term bottom process.
A prominent Swissblock Analysis Company says that one of the main standards indicates that Bitcoin (BTC) is in the midst of a carving below the market.
Swissblock on the social media platform X says it is closely monitoring on the BITCOIN basic index (BFI), a measure that combines liquidity and network growth.
According to Swissblock, BFI is ReinforcementNoting the fixed entry of the new participants in the market who bring new liquidity to the BTC network.
“Bitcoin refers to the bottom, not the end of the bull market!
The bottom process is in its final stages, with a probably explosive step.
BFI tells us what is the following. “
Swiss He says Bitcoin’s liquidity conditions should rise slightly to confirm a huge upscale reflection.
“Once the liquidity crosses the 50th threshold, the shift will be suddenly optimistic, leaving a small field to respond to the bears.”
Based on the Swissblock scheme, the Bitcoin liquidity level is hovering in 44.
According to the Analysis Company, its bullish view of BTC is Backed By increasing the M2 money supply, which tracks the total amount of money traded within the economy.
“This corresponds to growth in M2 supplies. Bitcoin was backward from this growth, but it gradually causes.”
But while swissblock rose in BTC, the company Notes It is still within the world of the possibility that BTC will witness another sale event.
“Yes, in the short term, the bottom process takes place and its final stage is entering.
What comes after that is probably an upward upward step.
And yes, there is still another possible collapse in the short term. In terms of price, it represents an entry point for new participants, and more liquidity in the system. “
At the time of this report, Bitcoin is traded for $ 75.014, a decrease of more than 7 % a day.
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