Watch Exchange BTC Balances to get an idea where the price goes
Exchange Balances have been falling again the last few weeks, which is bullish
We had a massive surge in bitcoin being sent to Exchanges in mid to late April.
It can be seen on this chart:
(Source: https://twitter.com/sammytrader51/status/1413587929189031942/photo/1)
Over the last couple weeks though the balances on Exchanges has been falling pretty steadily again.
That may mean a supply shock and higher prices is coming in the not too distant future.
We shall see...
Let's stay positive and hope this Bull market resumes where it left off...
Thank You for sharing Your insights...