🤔A break for $BTC?
An indicator that we had already talked about has just reached an important zone 🚨
👉As a reminder, this indicator gives us the percentage of supply in profit that we have represented by a 50-day exponential moving average.
When this average reaches the red zone, it means that 95% of investors are in profit. Depending on the strength of demand, a short-term correction, a consolidation period and in the worst case at the end of the bull run, a bear market may follow (we are not there yet 😉)
📊 If we take a look at BTC's performance over several periods, we can see that the performance over each period has been quite substantial.
We have exceeded 80% performance over the quarter!
Historically, profit-taking has logically taken place, which has helped cool the market down a little. But we can see that after each peak of performance there is a pause, or even a correction to follow.
If this is the case, this could finally launch the Alt season!
