Bitcoin Up After Fed Rate Reveal, Correlation With Stocks Over? Bitcoin has surged above the $29,000 mark following the Fed rate hike of 25 bps, a sign that the asset may be decoupling from the stocks. Bitcoin Has Jumped Despite Fed Interest Rate Hike Announcement According to the on-chain analytics firm Santiment, the cryptocurrency market has shown some promising rise potential since the rate hike […]
$24,400 May Be Next Major Level Of Support For Bitcoin, Here’s Why Historical data of an on-chain indicator may suggest that the $24,400 level could be a major level of support for Bitcoin right now. Bitcoin STH MVRV Would Hit 1.0 If Price Declines To $24,400 According to this week’s edition of the Glassnode report, the 1.0 level of the Bitcoin STH MVRV has been a point […]
Bitcoin Price Continues Slide As Crypto Market Sentiment Takes Hit Bitcoin price extended its decline below the $28,000 support. BTC tested $27,650 and is currently attempting a minor upside correction. Bitcoin is showing bearish signs below the $28,500 resistance zone. The price is trading below $28,200 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $28,000 […]
Render (RNDR): Biggest Gainer Among Top 100 Cryptos With A 22% Climb Render (RNDR) is one of the biggest gaining coins this week. According to CoinGecko, the token is up 11% in the last 24 hours, and 22% in the last week. With Bitcoin and Ethereum experiencing a strong bullish sentiment, RNDR might experience a bigger upside in the medium to long term. After a tough start […]
Bitcoin Price Saw Increase In Volatility, Here’s Why The Bulls Are Safe Bitcoin price saw a couple of wild moves above the $28,500 pivot level. BTC is now rising and showing positive signs above the $28,800 level. Bitcoin climbed sharply and then nosedived to revisit the $27,250 support. The price is trading above $28,000 and the 100 hourly Simple moving average. There is a key bullish trend […]
Bitcoin Price Flash Crashes 6% In Under 60 Minutes, What Happened? Bitcoin price was trading in the green today, up about $1,500 at the high. The top cryptocurrency by market cap also made another attempt at $30,000 around mid-day. Shortly thereafter, in the span of less than 60 minutes, BTCUSD flash crashed by more than 6%, leaving the marker bewildered. Here is a closer look at […]
Bitcoin Bearish Signal: NVT Golden Cross Enters Overbought Zone On-chain data shows the Bitcoin NVT Golden Cross has entered into the overbought region, something that could be bearish for the price. Bitcoin NVT Golden Cross Has Been Going Up Recently As pointed out by an analyst in a CryptoQuant post, the most recent touch of this zone led to a drop in the price […]
Bitcoin Price Signals Fresh Increase But $29K Is The Key To More Gains Bitcoin price is correcting higher from the $27,000 support. BTC must clear $29,000 to continue higher in the near term. Bitcoin formed a base and corrected higher above the $27,500 resistance. The price is trading above $27,800 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with […]
Bitcoin Market At Decision Point: aSOPR Retests Crucial Level The Bitcoin market may be close to a decision point as on-chain data shows the Adjusted Spent Output Profit Ratio (aSOPR) is retesting the 1.0 level. Bitcoin aSOPR Has Declined Towards A Value Of 1.0 Recently According to the latest weekly report from Glassnode, the BTC market had shifted towards a profit-dominated regime back in […]
Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $28K Bitcoin price is showing bearish signs below the $28,000 zone. BTC must clear $28,000 to avoid more losses in the coming sessions. Bitcoin struggled to gain pace above the $28,000 resistance zone. The price is trading below $27,800 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance […]
Why Bitcoin May Have Completed The “Perfect” Pullback Bitcoin price is trading at around $27,000 per coin after failing to hold above $30,000. Crypto market sentiment would suggest that BTC is already back at lows, ready for a fresh decline. However, if a perfected TD buy setup is an indication, then BTC might have just finished its pullback and is ready to continue […]
Bitcoin ‘ESR’ Continues To Show Bullish Divergence, Will Price Follow? Bitcoin on-chain indicator Exchange Stablecoin Ratio (ESR) has continued to show bullish divergence recently. Will the price also mimic this? Bitcoin ESR Has Continued To Sharply Ascend In Recent Weeks As explained by an analyst in a CryptoQuant post, the ESR is currently acting as a leading indicator for BTC’s price. A relevant metric here […]
What’s Behind The Recent Bitcoin Drop? Here’s What On-Chain Data Says Bitcoin on-chain data hints that selling from the miners may have been behind the latest plunge in the asset’s price below the $28,000 mark. Bitcoin Miners Have Shown Signs Of Selling Recently As pointed out by an analyst in a CryptoQuant post, miners had been putting on some selling pressure on Bitcoin while the decline […]
Bitcoin Price Could Resume Increase But 100 SMA Is The Key Bitcoin price is attempting a fresh increase from the $27,200 support. BTC must clear $28,000 to start a decent increase in the near term. Bitcoin extended its decline below the $28,000 support zone. The price is trading below $28,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend […]
Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K Bitcoin price started a fresh increase from the $22,400 support zone. BTC climbed to a new yearly high and now aims more upsides above $24,000. Bitcoin started a fresh increase after forming a base near the $22,400 support zone. The price is trading above $23,000 and the 100 hourly simple moving average. There was a […]
Repeat Of April 2019? Bitcoin Rally Shows Similar Break Above These Key Levels On-chain data shows Bitcoin has broken above these three key levels in a manner reminiscent of the rally in April 2019. Bitcoin Breakout Shows Initial Similarities To April 2019 Rally According to data from the on-chain analytics firm Glassnode, BTC has broken above the three investor cost-basis levels for the first time since the COVID-19 […]
Bitcoin Puell Multiple Starts To Leave Bear Market Zone, Bull Rally Here? On-chain data shows the annual rate of change in the Bitcoin Puell Multiple has exited the bear market zone, a sign that a bull rally may be here. Bitcoin Puell Multiple 365-Day Rate Of Change Has Shot Up As pointed out by an analyst in a CryptoQuant post, this could be one of the first […]
Bullish Indicator: Bitcoin Shakes Off Genesis Bankruptcy Filing Bitcoin has not moved as expected despite the news of Genesis, one of the largest crypto lenders in the world, filing for bankruptcy. This lack of negative movement from bitcoin in response to the news could cement the digital asset’s path to the upside in the coming weeks. Bitcoin Remains Unfazed By Genesis Despite the […]
Bitcoin Price Bulls In Check, Signs of Fresh Increase above $21.5K Bitcoin price is attempting a fresh increase above the $21,200 resistance zone. BTC could gain bullish momentum if there is a clear move above the $21,500 resistance. Bitcoin corrected lower, but it found support near the $20,500 zones. The price is trading above $21,000 and the 100 hourly simple moving average. There is a short-term […]
Bitcoin Price Could Top In Short Term, Why Dips Might Be Attractive Bitcoin price is still struggling to clear the $21,500 resistance zone. BTC could correct further lower if there is a clear move below the $20,500 support zone. Bitcoin struggled to clear the $21,500 resistance zone and corrected lower. The price is trading below $21,000 and the 100 hourly simple moving average. There was a break […]
