Bitcoin LTH SOPR Indicates Concerning Capitulation Levels — What Does This Mean For Price?
Prominent market analyst with the pseudonym RugaResearch has drawn attention to recent developments with Bitcoin long-term holders (LTH) Spent Output Ratio (SOPR), indicating that these key participants are exiting their positions at a significant loss. Bitcoin LTH SOPR: Quiet Market Divergence The SOPR compares the price at which coins were last moved (cost basis) to…
Bitcoin Sentiment Hits 5-Week Fear Level – Is A Reversal Coming?
Bitcoin is entering the new week under a cloud of doubt, with social sentiment tilting to fear just as price action continues to stall below $66,800. Data from Santiment shows a noticeable change in crowd behavior, hinting that the market’s mood may be reaching an inflection point. Sentiment extremes have often corresponded with turning points…
Bitcoin On-Chain Data Hints At Macro Bottom Near $47,960 – Details
The Bitcoin bear market is now six months in and showing no signs of letting up. During this time, a cycle low of $60,000 was established, preceding the present consolidation action being seen. However, bearish sentiments remain at heightened levels, especially considering the disturbed geopolitical landscape of the past month. While there have been encouraging signs…
Ethereum Net Taker Volume Rises To Most Positive Level Since 2023 – Bullish Reversal Soon?
The price of Ethereum has been hovering around $2,000 for nearly a month, with the technical structure showing no clear path to recovery. According to the latest on-chain data, the “King of Altcoin” is witnessing a rare signal that could mean that it is at the beginning of a positive trend. ETH Net Taker Volume…
Analyst Identifies $63,000 As Key Support For Next Bitcoin Move
A popular crypto trader has come forward on the social media platform X to predict that the Bitcoin price might soon head further downwards to the $63,000 level. This prognosis is based on the liquidity dynamics that have, over the past few weeks, driven the flagship cryptocurrency’s price. Bitcoin Market Structure Suggests More Volatility Ahead …
Bitcoin Price Builds for Surge, Bulls Eye Explosive Breakout
Bitcoin price started a decent increase above the $68,000 zone. BTC is now showing positive signs and might gain further if it clears $69,250. Bitcoin gained pace for a move above the $67,500 and $68,000 levels. The price is trading above $68,500 and the 100 hourly simple moving average. There was a break above a…
Ethereum Price Charges Higher, $2,150 Resistance Under Threat
Ethereum price managed to stay above $2,020 and recovered losses. ETH is now rising and might attempt a move above the $2,150 resistance. Ethereum started a decent upward move above the $2,065 zone. The price is trading above $2,080 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line…
XRP Price Gains Ground, Traders Question Strength of Rally
XRP price started a recovery wave above $1.3200 and $1.3220. The price is now consolidating and might aim for a fresh move above $1.3480. XRP price started a recovery wave above the $1.3220 zone. The price is now trading above $1.3300 and the 100-hourly Simple Moving Average. There was a break above a bearish trend…
Analyst Who Called Bitcoin Top Says Price Is Going To $200,000, But Should You Buy Now?
Crypto analyst Doctor Profit, who called the Bitcoin top, has predicted that BTC could still rally to $200,000, marking a new all-time high (ATH) for the leading crypto. However, the analyst suggested now isn’t a good time to buy as BTC is still likely to drop lower. Bitcoin Still Going To Rally To $200,000 But…
Who Is Really Selling Bitcoin? Analyst Uncovers The On-chain Dynamics
Bitcoin traded within a range-bound spell throughout March, with prices briefly rallying to $75,000 before falling back within the boundaries of the $63,000-$71,000 range. However, despite this, Bitcoin price struggles within this consolidation phase; the underlying dynamics are telling an interesting story concerning who the current distributors of Bitcoin are. Short-Term Holders Dominate Sell-Side Pressure…