Bitcoin ‘so bullish’ at $23K as analyst reveals new BTC price metrics

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New BTC trading metrics from ColeGarnerXBT are already flashing some seriously bullish signals, he says.

) remains firmly “bullish” at $23,000, according to new on-chain metrics from one of the industry’s best-known names.on Jan. 28, market cyclist and on-chain analyst Cole Garner revealed what he said were “backtested and validated” Bitcoin trading tools.above $23,000, the debate rages as to whether a significant BTC price correction is due.

across exchanges. This has hit multi-year highs, a screenshot appears to show, beating its peaks from any event since early 2020. Traditionally, high stablecoin liquidity hints at bullish continuation, with funds “waiting in the wings” to enter Bitcoin or other crypto assets.Garner presented the ratio of on-chain volume traded in profit, hitting its highest levels in at least three-and-a-half years.

 

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