Bitcoin Holding This Key Macro Level Suggests the Next Bull Market is Nearing

Bitcoin Holding This Key Macro Level Suggests the Next Bull Market is Nearing

Bitcoin’s price action has been somewhat stagnant throughout the past few days and weeks, with bulls and bears both reaching a clear impasse The aggregated cryptocurrency market has been following in Bitcoin’s lead and is struggling to garner any decisive momentum One analyst is now noting that BTC has been holding above a key macro […]

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Bitcoin Is Holding a Pivotal Macro Level, But Don’t Be Bullish Yet

Bitcoin has entered no man’s land as it fails to pass $11,000 but is holding the low-$10,000s. The coin now trades at $10,900 as of this article’s writing, again below the aoforementioned support. Bitcoin actually may be in a positive spot, though, as it managed to hold a pivotal technical level of macro importance. Bitcoin Holds Pivotal Macro Support Level To some market participants, Bitcoin’s price action over recent weeks has been purely bearish. After […]

Despite $2,000 Drop, Bitcoin Is Holding a Critical Macro Level

Bitcoin has undergone a strong rejection over recent weeks. The coin, after peaking at $12,500 in August, dropped as low as $9,800 earlier this month. The coin now trades at $10,400 — still over $2,000 below the year-to-date highs. While this was a steep drop, not everyone thinks that this is it for Bitcoin’s bull trend. Bitcoin Holds Crucial Macro Level One crypto trader recently shared the chart below on September 22nd, noting that Bitcoin […]

Bitcoin bull run is still in the early stages, key on-chain indicator shows

The Bitcoin rally is still at an early stage, according to one key metric, despite the overnight pullback. The price of Bitcoin (BTC) saw a minor correction on the day as the global stock market pulled back. The top cryptocurrency dropped by nearly 8% in the last 24 hours, retracing most of the gains it recorded during yesterday's rally on March 3.Bitcoin bull run is still at an early to mid stageAccording to William Clemente, a cryptocurrency analyst, Glassnode's Reserve Risk indicator shows that Bitcoin's rally is still in the early to middle stage.As Clemente explains, the Reserve Risk....

Bitcoin Indicator Suggests Bull Market Is Still in Early Phase

The Mayer Multiple indicator suggests the bull market is still far from peaking, even as bitcoin closes in on its all-time high.

Bitcoin whales continue to accumulate despite BTC price holding above $50K

The number of Bitcoin whales is increasing as the price of BTC continues to rise. The number of whale addresses holding Bitcoin (BTC) have hit a new all-time high, the latest data shows. This can be considered bullish, particularly as the price of BTC is showing staying power above  $50,000.The increase in the number of whales indicate that high-net-worth investors are actively accumulating Bitcoin as the bull market continues.Number of addresses holding $1m Bitcoin. Source: GlassnodeWhy is the rising number of whales important?During bull cycles, the price of Bitcoin could be at risk of a....