Coin Edition -
- An X user shared in a post that BTC’s on-chain behavior is reflecting a cyclical pattern.
- At press time, BTC was trading at $38,765.40 following a 24-hour gain of 1.76%.
- Technical indicators suggest that BTC’s price could rise to the key $40K resistance level.
An X user by the username NeuroInvest Research stated in a post earlier today that on-chain behavior for Bitcoin (BTC) reflects a cyclical pattern. According to the post, this pattern seems to be stimulated by external events the majority of the time.
The on-chain behavior of #Bitcoin reflects a cyclical pattern, often stimulated by exogenous events. The heatmap visualizes various measures of behaviour overtime, highlighting how coins are mobilized in response to environmental stimuli, or anticipation of future stimuli