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This classic Bitcoin metric is flashing buy for first time since March 2020 -Breaking

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This basic Bitcoin metric is flashing purchase for first time since March 2020

(BTC) bulls could solely want a pair of easy shifting averages (SMAs) to find out if the underside is on this halving cycle.

In a Twitter (NYSE:) thread on June 2, Checkmate, lead on-chain analyst at crypto analytics agency Glassnode, flagged the Investor Software metric hitting “purchase the dip” territory.

Bitcoin Investor Software chart. Supply: Glassnode