Bitcoin Breaks $80,000, But On-Chain Activity Signals A Silent Warning
Bitcoin has seen a rally toward the $81,000 level, but on-chain data shows the surge has failed to attract investor attention, with network activity remaining low. Bitcoin On-Chain Activity Has Dropped To 2-Year Lows According to data from on-chain analytics firm Daily Active Addresses and Network Growth. First, the Daily Active Addresses measures the total…
Crypto Shorts Suffer $300M Flush As Bitcoin Hits $80,000
Bearish cryptocurrency bets have seen a liquidation squeeze during the past day as Bitcoin and other assets have gone through a price surge. Bitcoin Crosses $80,000 For First Time In Months Bitcoin has enjoyed a surge over the past day that took its price to a peak of $80,500, the highest that the cryptocurrency has…
Bitcoin Bottom Zone Now Lies Around $59,000 Based On This On-Chain Metric
After weeks of renewed optimism, many in the Bitcoin market now believe the tide could finally be turning. While the premier cryptocurrency’s price action has been steadily turning around since the start of April, the current on-chain structure suggests expectations might be overestimated. According to an on-chain analyst, BTC’s recovery process is unlikely to occur…
Bitcoin Bulls Show Signs Of Exhaustion Around $78,000 — What’s Next?
Bitcoin had a modest start to May, with the flagship cryptocurrency rising as much as 3.5% on Friday. As of this writing, the premier cryptocurrency trades near $78,400, barely moving over the past day. Interestingly, a market pundit has explained how a perceived shift in Bitcoin’s investor behavior could be a major influence on the cryptocurrency’s…
Bitcoin Apparent Demand Remains Weak — What This Says About Price Recovery
The Bitcoin price had quite an interesting performance over the past week, cruising to a new high above the $79,000 high early on before crashing to as low as $75,500 on the last day of April. However, the premier cryptocurrency has had a somewhat bright start to May, hovering around the $78,000 level. While the…
Bitcoin Price Yet To Bottom Based On MVRV Bands — $43K Still Possible?
The Bitcoin price enjoyed a modest recovery on Friday, the start of May. Alongside its technically bullish structure, this auspicious beginning tells a story about Bitcoin’s chances of performing impressively in the coming weeks. Yet, the flagship cryptocurrency still faces a broader threat of a potential downturn. According to data from a recent on-chain evaluation,…
Bitcoin Clings To Key Support: EMA Reclaim Vs $78,000 Resistance Showdown
Bitcoin is holding a critical position as it attempts to stabilize above a key moving average while facing persistent resistance near $78,000. The recent reclaim of the 21-week EMA signals potential strength, but repeated rejections overhead continue to test bullish momentum. With price caught between strong support and a stubborn ceiling, the next move could…
Analyst Predicts Exactly When To Sell Bitcoin For The Most Return
A crypto analyst has outlined a specific period he believes could be the right time to sell Bitcoin (BTC) for the most returns. Supporting his prediction, the analyst highlighted a recurring historical pattern that has marked major bullish turning points in BTC’s market cycles. He suggested that these past patterns could be used to determine…
Bitcoin Renko Mari-Ashi Reveals Where The Bottom Lies And When The Rise Will Begin Again
A crypto analyst has shared more insights into the Bitcoin (BTC) price action using a rare Japanese chart pattern called the Renko Mari-Ashi. The chart shows that the Bitcoin price has formed a Double Bottom and could be on the verge of a major breakout. Additionally, it has highlighted the points where the Double Bottom…
Bitcoin DATs Capitulate—Could This Rare Signal Mark A Bottom?
Data shows the Bitcoin treasury companies have shown an inflection recently, something that has turned out to be bullish in the past. Last Two Bitcoin Treasury Capitulation Inflections Led To Bullish Action In a new Digital Asset Treasuries (DATs). A DAT is a company that holds a cryptocurrency on its balance sheet as a way…