Activity of $USDT address goes down, which has historically been a positive sign for Bitcoin
activity rise being followed by increased selling pressure on the market. Stablecoin wallets start receiving funds as traders and investors sell their collateral.There are numerous indicators on the market that tend to follow or somehow predict the new rally. First, and most commonly used, are the exchange flows. Once bearish sentiment starts revealing itself on the market, exchanges face large inflow volumes compared to other periods.
At press time, Bitcoin is trading at $43,330 but losing 1.6% of its value compared to yesterday's performance. Previously, the first cryptocurrency broke through the first strong resistance point on the charts and has started trading above the 50-day moving average.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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