Hash ribbons tell investors to buy BTC again for the first time in five months as BTC price consolidates below $20,000.
Net Unrealized Profit/Loss returns to levels that in the past have triggered giant Bitcoin price rises, Glassnode notes.
Time to celebrate the bull run
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The current drop from 19ks to 16ks represents a 16% drop.
In 2017 we had 4+ of these moves before price kept climbing. https://t.co/RN0CYCg9ch