Bitcoin
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A popular crypto analyst believes that the price of Bitcoin (BTC) has not yet caught up with its outrageous fundamentals.
In a new YouTube video, the InvestAnswers host revealed that all major bitcoin indicators are on the rise, with the exception of the BTC supply on exchanges, which, on the contrary, is declining.
A large number of bitcoins leaving crypto exchanges could indicate a bullish period as investors with deep pockets pile up the top cryptocurrency.
Lead InvestAnswers notes that the supply of long-term holders is growing, with about 14.5 million bitcoins currently in this category.
The fundamentals of bitcoin are insanely strong. Its price has not yet caught up with them, does not reflect what exactly is happening if you compare these charts with traditional situations.
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