CryptoQuant analyst said that the correction in the cryptocurrency market on March 5 was very healthy.
On-chain analysis platform CryptoQuant The analyst said that the correction experienced in the cryptocurrency market yesterday was healthy for the continuation of the rise.
With the correction increase in the amount of supply experiencing losses The analyst stated that he livedfrom a historical perspective before the tops are broken and higher levels are reached. such fluctuations He stated that he was seen.
Watch this indicator fluctuate up and down over a period of time and Bitcoin Expecting it to stall below the $69,000 peak analyst, then The future is subject to strong increases and volatility. pointed out:
With today’s correction and after the close, the percentage of losses will increase due to the current decline, which is very good. You ask why? Historically, this indicator enters a phase of price oscillation that gives rise and fall for a period of time until the market charts its top, Bitcoin forming its top. In summary, according to this indicator, positivity continues with strong fluctuations in the coming days.