Bitcoin News – Page 156

Bitcoin’s Quarterly Performance Hints At Possible Correction—Here’s What You Should Know

Posted on October 23, 2024 by ante — No Comments ↓

As Bitcoin experiences a gradual recovery in its price performance, a new analysis sheds light on the cryptocurrency’s broader market stance. A CryptoQuant analyst known as “Crazzyblockk” recently shared an in-depth key metrics like the asset’s market capitalization and realized capitalization. According to the analyst, examining these metrics every quarter can offer valuable insights into… Continue reading Bitcoin’s Quarterly Performance Hints At Possible Correction—Here’s What You Should Know→

53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action?

Posted on October 23, 2024 by ante — No Comments ↓

After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome. Key data from Binance reveals that more than half of futures traders have shorted BTC in the past few hours,… Continue reading 53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action?→

Market Analyst Charts The Bitcoin Journey To $70,000: Weekly Price Action Insights

Posted on October 22, 2024 by ante — No Comments ↓

Since July 29, the Bitcoin price has been struggling to regain the $70,000 mark, which has proven to be a formidable resistance barrier for the leading cryptocurrency. This resistance has been in place for the last two quarters of the year, after BTC hit an all-time high of $73,700 back in March this year. Since… Continue reading Market Analyst Charts The Bitcoin Journey To $70,000: Weekly Price Action Insights→

Bitcoin Retail Activity Soars After 4-Month Slump—Would A 72% Rally Follow?

Posted on October 22, 2024 by ante — No Comments ↓

Bitcoin has recently seen an uptick in retail investor activity following months of subdued participation, according to a report by CryptoQuant analyst caueconomy. The analyst highlighted this in a post on the CryptoQuant QuickTake platform, disclosing how this return in retail demand could be one of the signs of a bull market. Bitcoin Retail Activity… Continue reading Bitcoin Retail Activity Soars After 4-Month Slump—Would A 72% Rally Follow?→

Bitcoin Signal That Led To At Least 70% Surge Has Formed Again

Posted on October 22, 2024 by ante — No Comments ↓

On-chain data shows a Bitcoin signal that has led to at least a 70% rally the last four times has recently formed for the asset once again. Bitcoin MVRV Momentum Has Seen A Bullish Crossover Recently In a new MVRV Ratio” is an indicator that keeps track of the ratio between the Bitcoin market cap… Continue reading Bitcoin Signal That Led To At Least 70% Surge Has Formed Again→

Bitcoin Investors Watch Out: Miners Showing Unusual Exchange Inflow Activity

Posted on October 22, 2024 by ante — No Comments ↓

On-chain data shows the Bitcoin miners have been making an unusually high number of transactions to centralized exchanges recently. Bitcoin Miner To Exchange Transactions Metric Has Just Seen A Spike As pointed out by CryptoQuant author IT Tech in a new Miner to Exchange Transactions” keeps track of the total number of transfers that the… Continue reading Bitcoin Investors Watch Out: Miners Showing Unusual Exchange Inflow Activity→

Bitcoin Whales ‘Grew Substantially’ During Last Dip, Data Shows Large-Holder Accumulation

Posted on October 20, 2024 by ante — No Comments ↓

Bitcoin nearly reached $69,000 yesterday, setting a new local high and further solidifying the ongoing uptrend that began in September. This price action has fueled optimism among analysts and investors, who now anticipate significant gains in the coming weeks. Investors believe Bitcoin is ready for a strong rally after seven months of sideways accumulation. Critical… Continue reading Bitcoin Whales ‘Grew Substantially’ During Last Dip, Data Shows Large-Holder Accumulation→

Analyst Points To Key Bitcoin Metric Indicating A Strong Uptrend—$90K in Sight?

Posted on October 19, 2024 by ante — No Comments ↓

Bitcoin (BTC) has been on an upward trend in recent weeks, showing positive price movements that appear quite appealing to investors. According to a recent CryptoQuant analysis, a key metric, “active address momentum,” paints a bullish picture for the cryptocurrency. Active Address Momentum Signals Upward Market Structure Active addresses represent the number of unique addresses conducting transactions… Continue reading Analyst Points To Key Bitcoin Metric Indicating A Strong Uptrend—$90K in Sight?→

Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside

Posted on October 19, 2024 by ante — No Comments ↓

Bitcoin is at a pivotal moment after surging past the $68,000 mark and setting a new local high, confirming its bullish uptrend. Analysts and investors closely monitor the next steps, searching for signs of a continued rally or a potential retrace from higher supply levels. While the excitement is palpable, there is caution as traders… Continue reading Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside→

Bitcoin Holders In Profit Hits 95%: Is BTC Overheating?

Posted on October 18, 2024 by ante — No Comments ↓

On-chain data shows around 95% of all Bitcoin holders are in profit following the latest bullish action that the asset’s price has seen. Very Few Bitcoin Addresses Are Still Underwater In a new profitability is currently looking. The analytics firm has made use of on-chain data to determine this. IntoTheBlock has gone through the transaction… Continue reading Bitcoin Holders In Profit Hits 95%: Is BTC Overheating?→