Bitcoin on-chain indicators flash bullish signal

Bitcoin on-chain indicators flash bullish signal

Bitcoin on-chain indicators suggest that the market is poised for a bull run. This is according to on-chain analyst Willy Woo, who analyzed several on-chain metrics and found that they are all flashing bullish signals. One of the most important on-chain indicators is the Bitcoin Accumulation Trend Score (BATS). This indicator measures the amount of Bitcoin that is being accumulated by long-term holders. When the BATS is high, it means that long-term holders are accumulating Bitcoin, which is a bullish sign. The BATS is currently at a high level, suggesting that long-term holders are accumulating Bitcoin. Another important on-chain indicator is the Bitcoin Mayer Multiple. This indicator measures the price of Bitcoin relative to its 200-day moving average. When the Bitcoin Mayer Multiple is high, it means that Bitcoin is overvalued. When the Bitcoin Mayer Multiple is low, it means that Bitcoin is undervalued. The Bitcoin Mayer Multiple is currently at a low level, suggesting that Bitcoin is undervalued. Overall, the on-chain indicators suggest that the Bitcoin market is poised for a bull run. Long-term holders are accumulating Bitcoin, and Bitcoin is undervalued. This is a bullish combination that could lead to a significant increase in the price of Bitcoin in the coming months.