cryptobidask
Could Bitcoin's Bearish movement continue?
Analyzing the Bitcoin adresses count inflow, we can see that every time the number of BTC adresses that make inflow transactions to the various exchanges increase it follows a clear bearish movement in the price of Bitcoin, this also happened on November 9 when the adresses count inflow has increased significantly compared to the previous 4 months, and in fact has resulted in a bearish movemente of the price of Bitcoin. Right now we are facing a correction that will not last long in fact when the value of the adress count inflow will stabilize in the area shown in the chart (green circle) Bitcoin will start a new bullish movement, but we need to wait that signal, for this reason in the short term we are still Bearish.