Data indicate that the vast majority of Bitcoin (BTC) supplies are currently profitable after the beef price reaches $ 11,400.

As of July 27, Glassnode watchdog tracked it, nearly 95% of Bitcoin shipments now worth more than they were the last time they were transferred.

Bitcoin profit days of up to 97.7%
Monday's figures roughly coincide with the previous rally in June 2019, amid bitcoin price hikes peaking at $ 13,800.

But this time, several factors separate the market from what it was a year ago. Last but not least, macroeconomic sentiment turned upside down – the US dollar weakened and investors found themselves in safe havens of gold and silver.

According to LookIntoBitcoin, as it expands, Bitcoin continues to take 97.7% of its life on daily timeframes.

Bitcoin bulls “are not over”
Despite Bitcoin's profitability and profitability that exploded in the second quarter, stock market data have yet to reveal massive sales at a set price. Flows rose sharply on Monday, but pressure can still be overcome.

Cointelegraph Markets filbfilb analyst highlighted $ 10,400 as a strong buying support area.

“There are a large number of bidders around $ 10,400. I have follow up pauses at the place, but I will have to babysitter if it feels like a week. ”

Philbfilb added that he went as long as he was “not sure that the bulls had already ended” to $ 11,000.

Source: CoinTelegraph

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