Originally published at: https://www.channel-sea.cc/kraken-on-chain-analysis-shows-crypto-confidence-is-low-cryptoslate/
On-chain analysis conducted by Kraken exchange suggests bullish momentum for the leading crypto tokens “remains low.” “It’s tough to confidently determine what’s ahead for the crypto markets. However on-chain data paints a slightly bearish picture.” This is despite the market leader Bitcoin breaking a 12-week downtrend in early February. And Monday’s price spike, to $43,300,…