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Bitcoin in Accumulation Phase Despite Macro Headwinds, On-Chain Data Indicate

The data suggest the long-term growth outlook for the oldest cryptocurrency remains bullish, analysts said.

Current readings are just over the 0.5 level, described as a “green zone” for those looking to build long-term exposure to bitcoin. (Jose Miguel/Pixabay)
Current readings are just over the 0.5 level, described as a “green zone” for those looking to build long-term exposure to bitcoin. (Jose Miguel/Pixabay)