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Why you need to take note of the changing current before riding the Bitcoin wave
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ambcrypto.comAt the moment the overall market is not in a good state and leading the charge is Bitcoin. Investors across all crypto assets are hoping for a recovery soon but for now they might have to resort to altering their expectations.
With the king coin dropping by another 5.45% yesterday – bringing the total declines of this month to 19% – the possibilities of a bear market cannot be ignored. And for that reason looking at the state of on-chain metrics, we can determine what stance to take going forward.
Bitcoin price action | Source: TradingView – AMBCrypto
The short-term holder SOPR on a 30 Day Moving Average for the last 5 months had been maintaining its position above the neutral line. Even throughout the September and November drawdown, the
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