{"id":470,"date":"2024-09-30T18:32:12","date_gmt":"2024-09-30T18:32:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=470"},"modified":"2024-09-30T18:32:12","modified_gmt":"2024-09-30T18:32:12","slug":"bitcoin-price-is-an-opportunity-technical-analyst-tells-benzinga-watch-these-indicators-for-signs-of-a-price-surge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=470","title":{"rendered":"Bitcoin Price Is An &#8216;Opportunity,&#8217; Technical Analyst Tells Benzinga: Watch These Indicators For Signs Of A Price Surge"},"content":{"rendered":"<div>\n<p>The cryptocurrency market appears to be gearing up for its next upward trend as several key indicators, including <strong>Bitcoin<\/strong>\u2018s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) Exchange Flow Multiple, show <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">signs of accumulation.<\/a><\/p>\n<p><strong>What Happened<\/strong>: The Exchange Flow Multiple (30-day\/365-day) \u2013 an indicator measuring the ratio between short-term and long-term inflows and outflows of Bitcoin on exchanges \u2013 has reached its lowest point this year, suggesting decreased volatility in Bitcoin exchange flows, <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/66fa6ed107536d7243d5a76d-Market-preparing-for-the-next-upward-trend?utm_source=telegram&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=axeladlerjr\">according<\/a> to <strong>CryptoQuant<\/strong>.<\/p>\n<p>A decline in this indicator points to a significant drop in short-term inflows and outflows, which is often a reflection of investors accumulating assets in anticipation of future price increases. <\/p>\n<p>Historically, such patterns align with the early stages of a bull market. <\/p>\n<p>In recent data, this low Exchange Flow Multiple mirrors the values observed before the market rally in early 2023, hinting that the market might be preparing for another surge.<\/p>\n<p>Two factors are contributing to the current downward trend in the Exchange Flow Multiple. First, long-term investors, or \u201cHODLers,\u201d continue to hold their assets, reducing trading volumes on exchanges. <\/p>\n<p>This behavior is typical of experienced participants in the early stages of a bull market who prefer not to exit &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/41101479\/bitcoin-price-is-an-opportunity-technical-analyst-tells-benzinga-watch-these-indicators-fo\" alt=\"Bitcoin\" price is an technical analyst tells benzinga: watch these indicators for signs of a surge>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market appears to be gearing up for its next upward trend as several key indicators, including Bitcoin\u2018s (CRYPTO: BTC) Exchange Flow Multiple, show signs of accumulation. What Happened: The Exchange Flow Multiple (30-day\/365-day) \u2013 an indicator measuring the ratio between short-term and long-term inflows and outflows of Bitcoin on exchanges \u2013 has reached [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-470","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=470"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/470\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}