This Indicator Predicted Previous Bitcoin Bull Runs; It Just Flashed Again

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Bitcoin’s price action as of late has been ultra-bullish, with the cryptocurrency setting fresh yearly highs today in the midst of a stock market selloff Its ability to break its close correlation with equities is a positive sign, and could be emblematic of mounting fundamental strength Analysts are now widely noting that upside is imminent in the near-term, with the recent support-resistance flip of $13,200 being a positive technical development One on-chain indicator is also bolstering this notion, as Bitcoin’s Net Unrealized Profit/Loss is now entering the “belief” zone – which tends to occur right before parabolic moves take place Bitcoin is currently seeing a strong uptrend, void of any bullish momentum in the stock market or the altcoin market. This independent strength comes as it continues reclaiming dominance, with all eyes closely watching to see whether or not Ethereum and altcoins will be able to follow in its lead.…

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