RATE Group | Bitcoin bull run is brewing
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Bitcoin bull run is brewing

20 Apr Bitcoin bull run is brewing

Posted at 08:33h in Bitcoin News by

  • The Bitcoin price is currently still struggling with the USD 7,200 mark, but a strong bullish move could follow in the medium term, as three strong indicators signal.
  • Both the number of weekly active addresses in the Bitcoin network and the volume of stablecoins as well as the Ichimoku cloud indicate that Bitcoin could be on the verge of a bull run.

Over the past weekend, the Bitcoin price has continued to hold the important USD 7,000 mark and has seen a slight uptick. At the time of writing, the BTC price was stuck at around 7,180 USD. As CNF reported yesterday, Bitcoin is now targeting the extremely important $7,400 to $7,470 zone. If this resistance is breached, a rise to 8,000 USD seems possible again.

This thesis is also supported by the current data available. As Josh Olszewicz stated yesterday via Twitter, the number of weekly active addresses in the Bitcoin network has risen to a nine-month high. With a current value of about 832,00 active addresses, Bitcoin exceeded the…

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