Gear Up! New Bitcoin Bull Market Is About To Begin — Time To Buy?
· opeyemi sule
AI Briefing
- Bitcoin price continues to hover around $70,000, a potential buy signal has been triggered by the Inter-Exchange Flow Pulse (IFP) metric, which suggests the start of a bull market, but investors should approach the market with caution.
- The IFP metric measures BTC flows between spot and derivative exchanges, with a cross above the 90-day average signaling a potential buy signal.
- Bitcoin price has hit its bottom, with the IFP crossing back above the 90-day average, indicating 'big money is getting ready for a rally' but may not reflect in price until later.
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