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Bitcoin Bull Trend Still Persists Despite Pullback, Analyst Explains

  • An on-chain indicator suggests that Bitcoin's bullish trend is still intact despite the recent pullback.
  • The Bitcoin Coinbase Flow Pulse indicator shows increasing inflows to Coinbase from other platforms, indicating a bullish market.
  • The 30-day simple moving average (SMA) of the indicator is still above the 90-day SMA, indicating accelerating inflows.
  • The indicator has only experienced a few bearish crossovers since the uptrend began, with each bear period being brief.

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