From Investing.com: 2024-05-06 12:00:24

The Bitcoin Fundamental Index accurately predicted the recent price bounce from $60,000 to $65,000, indicating a reversal based on network growth and seller exhaustion. On-chain data revealed increased transactions over $100,000 and balanced inflow/outflow on exchanges. FOMC meeting expectations and low whale activity contributed to a stable price correlation.

Read more at Investing.com: Bitcoin (BTC) Bounce Was Predicted, Here’s What This Indicator Says Next By U.Today