Bitcoin (BTC) Miners Display a Bullish Siding as It Surges Past $57K

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Musk spoke with North American Bitcoin miners

According to a recent analysis, China’s clampdown on bitcoin mining activities did not stop miners from hodling the flagship crypto. Data from statistics tracker Cryptoquant shows that miner outflow currently is not as high as it was in the first quarter of 2021. 

Bitcoin’s Bullish Trend

BTC’s 200-week moving average displays an almost steeply rising slope. It could mean that China’s recent crypto ban hasn’t really shifted bulls’ minds, and bitcoin might soon achieve its 2021…

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