Garner is also clear on the above chart, which shows the ratio of Bitcoin versus stablecoins on the major exchanges. This one is bullish and “almost never wrong,” according to an optimistic Garner. What the analyst expects in terms of price is not entirely clear, except that the mini-bull run is not over yet, according to him.
Recovery of the miners?
The optimism surrounding Bitcoin continues as we look at the mining industry. Those boys and girls may have been hit the hardest of all in the past year. They have had several periods of capitulation, but now seem to have recovered from the leak.
