Bitcoin Bullish Signals Strengthen to 79% Indicator Consensus on July 16

BTC-0.99%
CryptoQuant analyst Axel Adler Jr. said on July 16 that Bitcoin market sentiment has shifted from bearish to bullish and is holding for a second week. A composite model tracking multiple market data points shows Bitcoin's state score has risen from -42.9 on June 26 to +34.7, with 79.4% of sub-indicators now pointing in the same direction, well above the monthly average of 57.3%.
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