RE: Bitcoin on exchanges declining - Bullish for Bitcoin?

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It is hard to say, but I am on the bullish side. There are higher lows on the Bitcoin chart since January 17th and numerous downside attempts have failed.

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hive-167922 leofinance
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Yep, certainly a nice bit of confluence forming between the on-chain data and the technicals.

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There are so many metrics with Bitcoin that can be used. This one is as valid as any. However, all have their flaws which means we might end up going long when short was the answer.

That is why markets are always fun.

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