Analyst Says Bitcoin Fun Will Begin When This Flip Happens
An analyst has explained how a crossover between these two Bitcoin metrics would have to happen before the ‘fun’ can begin for the asset. Bitcoin Realized Price Is Yet To Flip 200-Week MA In a new Realized Price” here refers to an on-chain indicator that, in short, keeps track of the cost basis or acquisition…
Bitcoin Short-Term Holders Now Capitulating: Bottom Here?
On-chain data shows the Bitcoin short-term holders have started selling at a loss. Here’s what this could mean for the cryptocurrency’s price. Bitcoin Short-Term Holder SOPR Has Just Dipped Under 1 As pointed out by CryptoQuant author Axel Adler Jr in a new post on X, the Bitcoin Spent Output Profit Ratio (SOPR) of the…
Bitcoin’s $90K Level Under Review: Here’s What Analyst Suggests
Bitcoin (BTC) has continued to exhibit bearish sentiment, currently trading below $91,000. This decline has sparked debates about its future trajectory, with analysts closely examining major market metrics to understand where BTC’s price action could likely be headed next. Among these, CryptoQuant contributor Percival’s detailed insights shed light on Bitcoin’s current state, offering an in-depth…
Bitcoin Faces Major Deleveraging – Analyst Explains Price Crash Below $100K
Bitcoin experienced significant selling pressure after successfully breaking above the $100K mark, a psychological milestone that had investors buzzing with optimism. However, the celebration was short-lived as BTC failed to hold this critical level, dropping as low as $92,500 in less than three days. This sharp downturn has reignited concerns about the market’s stability and…
Bitcoin Not Reached ‘Extreme Euphoria’ Phase Yet, Glassnode Reveals
The on-chain analytics firm Glassnode has revealed the level Bitcoin would have to rise to if it has to reach the historical top zone in this pricing model. Bitcoin Hasn’t Surpassed Last MVRV Pricing Band Yet In a new post on X, Glassnode has talked about the extreme euphoria threshold of the Bitcoin Market Value…
Key Metrics Reveal Bitcoin STH Support Levels Around $89K–$86K – Is BTC At Risk?
Bitcoin has faced intense selling pressure since Tuesday, following a strong breakout above the $100K mark. The rally, which many investors hoped would solidify Bitcoin’s bullish structure, quickly reversed, driving the price down to a low of $92,500. The sudden downturn has rattled market sentiment, leaving investors cautious about the immediate direction of the crypto…
Survival Of The Strongest: Bitcoin Miners Face Tough Choices As Selling Pressure Mounts
Bitcoin journey in the new year continues to demonstrate less upward momentum, with its price recently dropping below the $95,000 price mark. Amid this movement, the market seems to be witnessing a notable trend among miners as they grapple with the effects of rising values and selling pressure. shed light on the challenges facing Bitcoin…
Bitcoin Is Forming A Symmetrical Triangle – Breakout Or Breakdown?
Bitcoin has finally reclaimed the highly anticipated $100K mark after days of consolidation and lingering negative sentiment. The psychological milestone had been a key resistance level, with many investors and analysts closely monitoring BTC’s price action for clues about its next big move. The recent breakout above $100K signals renewed market optimism, yet the question…
Bitcoin Signal That Took Price From $69,000 To $108,000 Appears Again
Data shows that a Bitcoin indicator has recently formed a pattern that has proved to be quite bullish regarding the cryptocurrency’s price. Bitcoin Coinbase Premium Index Has Crossed Above Its 14-Day SMA In a new Coinbase Premium Index” is an indicator that keeps track of the percentage difference between the Bitcoin price listed on Coinbase…
MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence
MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing…