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This Miner-Related Index Shows That the Next Bitcoin Bull Run is Coming

Bitcoin’s price action as of late has done little to offer investors with insights into its near-term outlook. Its price has mainly been oscillating between highs of $11,000 and lows of $10,000, with each attempt to break out of this tight trading range resulting in the cryptocurrency seeing massive inflows of selling pressure that force it lower. Last week, buyers pushed BTC as high as $11,200 during a swift upwards move. The rejection here kicked off a prolonged consolidation phase, and it has been struggling to regain its momentum ever since. There is one indicator, however, that seems to indicate…

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