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cryptoonchain
May 27, 2022 7:43 PM

Descending triangle despite pos Onchain 

Bitcoin / U.S. dollarBitstamp

Description

despite the positive Onchain metrics such as a Decrease of bitcoin inflows to exchanges in the last 24 hours, a decrease in exchanges reserve, reduce in CDD, and Dominant long sentiment in the Funding Rate metric, Bitcoin seems to be forming a descending triangle, which is usually associated with a breakdown
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