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cryptonews

2023-01-19 15:52:00

New Bitcoin Address Momentum Looking Bullish, What This Means For BTC Price

New Bitcoin Address Momentum Looking Bullish, What This Means For BTC Price

A shift in new Bitcoin address momentum is sending a signal that the world’s largest cryptocurrency might be in the beginnings of a new bull market, data from crypto analytics firm Glassnode reveals. According to Glassnode, the 30-Day Simple Moving Average (SMA) of New Addresses has now been above the 200-Day SMA since the start of November, despite the collapse of cryptocurrency exchange FTX early that month.... Read More: New Bitcoin Address Momentum Looking Bullish, What This Means For BTC Price

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