Hello everyone. I’ve prepared a special on-chain analysis for you. I’ve reinforced the Bitcoin NUL Loss data with the MA13. The purple horizontal line: above = bear, below = bull. Simple. We’re currently above the purple line, but there’s a reversal signal in the yellow zone. In the past, the price reversed from this level twice—and both times, a bull market followed. If it reverses again this time, it could be a strong bottom. However, we need a close below the purple line for confirmation. I’ve matched the dates on CryptoQuant and TradingView with the same colors—feel free to compare them yourself. For a detailed explanation of my analysis, see the comments below 👇
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