BTC Miners are accumulating again

in bitcoin •  3 years ago 

Well that didn't last long...

After a brief blip on the chart where miners started unloading what they mined, they are back into accumulation mode again.

Check it out:

image.png

(Source: https://twitter.com/BTC_Archive/status/1463107457937559553/photo/1)

Historically this has meant bitcoin is about to move higher...

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3 years ago by

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      ·  3 years ago 

    Wow these is really great and your analysis is great but there is one behaviour that a lot of traders fail to understand and its simply the resting point of BTC, before every new highs BTC will engage, he looks for a point of rest, to gather momentum.

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