Why Has Bitcoin Rally Stalled? On-Chain Data Provides Hints
On-chain data shows a few Bitcoin indicators are following a trajectory that could potentially explain the reason why the latest rally has taken a pause. Bitcoin On-Chain Metrics Have Seen Bearish Developments Recently In a new Exchange Reserve,” which measures the total amount of BTC that’s sitting in the wallets associated with centralized exchanges. Below…
Crypto Liquidations Near $1 Billion As Bitcoin & Altcoins Bounce Back
Data shows the cryptocurrency market has witnessed massive liquidations during the past day following the recovery Bitcoin and the altcoins have made. Bitcoin & Altcoins Have Jumped Back Following Trump’s Announcement Bitcoin and the rest of the cryptocurrency sector ended February on a very bearish note, as the market went through a deep drawdown that…
Bitcoin Unable To Break Upward As 1.6 Million BTC Resistance Wall Blocks Path
On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of…
Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming?
As the year ends, a renowned analyst suggested that Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4.2% to retest a key level. Bitcoin Sees End-On-Year Slowdown Bitcoin has struggled to hold the mid-zone of its one-month price range as the crypto market experiences an end-of-year slowdown. In December,…
Bitcoin Is Forming A Symmetrical Triangle – Can BTC Reclaim $100K?
Bitcoin delighted investors with a Christmas Eve surge, climbing from $92,300 to an intraday high of $99,400. The swift rally has reignited bullish sentiment as the price successfully held a critical demand level, signaling strength and positioning BTC to challenge the psychological $100,000 milestone. Market participants are now closely watching Bitcoin’s next move, anticipating continued…
Strong Bitcoin Rise “Expected Within 1-2 Months,” Quant Explains Why
A quant has explained how Bitcoin may be expected to see a strong rise in the coming months based on a golden cross that has occurred in this indicator. Bitcoin SOPR Has Just Witnessed A Bullish Crossover As an analyst in a CryptoQuant Quicktake SOPR” here refers to an indicator that tells us whether the BTC investors…
Bitcoin Sentiment Cools Down From Extreme Greed: Can Rally Restart Now?
On-chain data shows the Bitcoin Fear & Greed Index has cooled down from extreme greed, a sign that may be positive for BTC’s price. Bitcoin Fear & Greed Index Is Pointing At ‘Greed’ Again The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment among investors…
Bitcoin Rally Driven By U.S. Coinbase Investors – Top Analyst Shares Metrics
Bitcoin reached a new all-time high yesterday, surging to $94,000 and solidifying the bulls’ control over the market. This milestone has ignited widespread speculation about the key factors fueling the rally, as Bitcoin continues to dominate headlines and capture investor enthusiasm. Key insights from CryptoQuant CEO Ki Young Ju shed light on the drivers of…
Bitcoin Coinbase Premium Is Negative Despite $68,000 Rally: What It Means
Data shows the Bitcoin Coinbase Premium Index has remained negative during the rally to $68,000. Here’s what this could mean for the asset. Bitcoin Coinbase Premium Index Is Currently Showing Red Values As explained by an analyst in a CryptoQuant Quicktake Coinbase Premium Index” is an indicator that measures the difference between the Bitcoin prices…
Bitcoin Supply In Loss Nears 20%: Could This Trigger A Fresh Surge?
On-chain data shows the Bitcoin supply in loss has shot up close to the 20% mark after the recent bearish action in the coin’s price. Bitcoin UTXO Supply In Loss Has Seen A Sharp Increase Recently In a new UTXO Supply in Loss” measures, as its name suggests, the total percentage of UTXOs in existence…