Market Split on Bitcoin’s Next Move: $80K Support Debated as Metrics Flash Mi...
Bitcoin’s (BTC) latest rebound from a seven-month low has revived debate over whether the market is nearing a deeper downturn or preparing for a fresh reversal. Related Reading: Analyst Predicts 430% PEPE Price Rally If This Level Holds With the price hovering around the $87,000 range after a brief dip to $81,000, on-chain data, macro […]
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Following the slight pullback in Bitcoin’s price from the $115,000 level, several on-chain metrics are beginning to flash warning signals, and a possible shift in the current market trend. One of these crucial metrics is the Bitcoin Short-Term Holders SOPR. Rising Bitcoin STH SOPR Signals Warning Amid fluctuating market action, Bitcoin Short-Term Holders’ Spent Output […]
Since January 3, 2009, the Bitcoin network has been functional for 99.98662952015% of the time. However, the protocol has had a few hiccups along the way and on a few occasions, the chain split into two. Most people are well aware of the Bitcoin Cash split that took place on August 1, 2017, but the first time the Bitcoin chain split was 11 years ago on August 15, 2010. Strange Block 74,638 4,019 days ago on August 15, 2010, the Bitcoin community had a problem which was dubbed the “overflow bug.” What was also called a “malicious event” or “Strange block....
Bitcoin faced a sharp decline yesterday, testing crucial support below the $92,000 mark. This move has sparked concern among analysts, as the $90,000 to $92,000 demand zone is seen as a critical level for maintaining Bitcoin’s bullish structure. A breach below this range could signal a deeper correction, potentially shaking market confidence in the short […]
Bitcoin remains in the red with a 10% loss over the past week. The number one crypto by market cap has been consolidating at its current levels after a massive crash too it to a multi-year low of $17,500. Related Reading | Are Small Cap Crypto Assets Rebounding A Sign Risk Appetite Returning? At the time of writing, BTC’s price trades at $20,400 with sideways movement in the last 24 hours. As many outlets have been reporting, Bitcoin miners have been reducing their BTC holdings. This has contributed to the selling pressure and to BTC’s price plunging to its current levels from the....
On-chain data shows Bitcoin network metrics have diverged recently, with active addresses falling even as transaction volume shoots up. Bitcoin Activity Metrics Are Showing A Mixed Picture In its latest Market Pulse report, on-chain analytics firm Glassnode has talked about how a few different activity-related Bitcoin indicators have changed during the past week. The first […]