Outflow model shows BTC is beeing removed from exchanges
Since the outflow model shows BTC is beeing removed from exchanges, shows us that the bull run is close.
It could definitely reach 8600 before, but with few BTCs in the market is very unlikely that it would dump again.
All the last bull runs had the Outflow going down, with people transferring their BTCs to their wallet to HOLD.
So I am very positive for August, what about you guys? I know technical analysis is not looking so good but I believe that fundamentals will make the decision after all.
It could definitely reach 8600 before, but with few BTCs in the market is very unlikely that it would dump again.
All the last bull runs had the Outflow going down, with people transferring their BTCs to their wallet to HOLD.
So I am very positive for August, what about you guys? I know technical analysis is not looking so good but I believe that fundamentals will make the decision after all.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.