CEO #Cryptoquant: $BTC remains in a bull market as long as the price is above $47k 🐂

One indicator of a bull market is the average bitcoin buy price and right now it's in the $47k-$49k range. This doesn't mean that the exchange rate will correct to this level, just a warning that such a thing is possible in theory 📊

And the head of Cryptoquant also gave financial advice, "Keep a long-term bullish bias, but avoid excessive risk-taking." 💸
#Cryptoquant #Bitcoin❗     #Analytics