CryptoOnchain
The accumulation phase is still ongoing.
Although the sudden increase in the price has created a large difference between the price and the moving averages, and this issue has raised the possibility of a relative correction of the price of Bitcoin, but the examination of the Onchain chart of the exchanges NetFlow shows that Bitcoin is still in the Accumulation area, and the main players of Bitcoin market are hopeful More prices in the future. In terms of probability, after the recent increases, Bitcoin may experience a relative price correction, but it will be renewing its energy to the bullish market again.