A recent analysis by Nansen on the price of Bitcoin reveals that there is no strong conviction regarding possible further bull movements at this stage.
The fact is that, despite staying above the 200-day moving average, it remains stuck below the 50-day moving average and the 20-day exponential moving average.
So despite there being some good news, currently it has no bull momentum.
The key indicators for Bitcoin in Nansen’s analysis
In the latest market research, Nansen points out that the lack of conviction towards a possible bull is clearly confirmed by the flow framework of spot BTC ETFs, as for almost nine consecutive days there were rather significant net outflows, interrupted only by one day of net inflows.
To all this, it is also added that their BTC Momentum indicator continues to oscillate above and below the neutral level, making it difficult to identify a clear bull or bear direction.
The best strategy for Bitcoin traders according to Nansen
In light of
We współpracy z: https://en.cryptonomist.ch/2025/03/07/nansen-bitcoin-lacks-the-upward-momentum/
