For some reason or another, bearish sentiment has accelerated the bitcoin market; Now, it has countless cryptocurrency investors asking for another 80% drop in the market capitalization of digital assets.
Despite this hard feeling, an analyst has claimed that the proverbial crypto ball remains in favor of the bull from a long-term point of view. Popular analyst CryptoThies said in a recent tweet that by taking a look at the monthly Bitcoin chart. It may be unethical to curb cryptocurrencies.
Supporting his point, he looked at the register money flow indicator. Checkin Money Flow (CMF), says Investopedia an oscillator that is derived from MACD, a trend indicator to signal market strength.
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