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This Indicator Predicts A BTC Rally Ahead Of The Bitcoin Halving

Published 04/13/2024, 03:37 PM
Updated 04/13/2024, 03:45 PM
© Reuters.  This Indicator Predicts A BTC Rally Ahead Of The Bitcoin Halving
BTC/USD
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  • Santiment has spotted a crucial indicator ahead of the upcoming bull run.
  • Many investors would rely on the Mean Dollar Invested Age for direction ahead of the bull cycle.
  • Bitcoin experienced a falling Mean Dollar Invested Age in most historic bull cycles.

Santiment, the market intelligence platform with on-chain and social metrics, has spotted a crucial indicator ahead of the much-anticipated crypto market bull run. In a recent post on X, the crypto analytics platform noted the Mean Dollar Invested Age as one indicator that would provide direction to many crypto traders and investors.

According to Santiment, the Mean Dollar Invested Age tracks the average age of investments in assets held in the same wallet. The platform shared a pictorial version of the indicator, showing a drop in BTC’s Mean Dollar Invested Ag…

The post This Indicator Predicts A BTC Rally Ahead Of The Bitcoin Halving appeared first on Coin Edition.

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