Bitcoin Price Prediction: Key Technical Indicator suggests bullish signs

Bitcoin has been rallying in March and April, after months of bearish moves. Twitter commentator @0xCryptoChan cites key technical indicators to claim that there is a lot of upmove still left in the cryptocurrency. According to the analyst, the ratio of Bitcoin tokens that have remained unmoved on the chain to the ratio of total Bitcoin circulation is at record lows of 25%. This has always led to a big surge in Bitcoin pricing, like the 11.3x jump in 2019-2021 and 59.6x jump in 2016-2018.