Recent data suggests a favorable outlook for Bitcoin as long-term support levels remain strong. The 30-day Exponential Moving Average (EMA) of Binary Coin Days Destroyed (CDD) is fluctuating between 0.1 and 0.3, indicating that long-term holders are actively accumulating Bitcoin. Long-Term On-Chain Support Levels Signal a Positive Outlook for #Bitcoin “The 30-day EMA of Binary CDD is moving between 0.1 and 0.3, indicating that long-term holders are accumulating Bitcoin.” – By @avocado_onchain Full post 👇https://t.co/0mhQMzMkMQ pic.twitter.com/mnLyoFBUc0 — CryptoQuant.com (@cryptoquant_com) September 23, 2024 Moreover, there is a notable shift in Bitcoin’s hashrate dominance towards U.S. mining companies. #Bitcoin hashrate dominance is
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