Bitcoin Bottom In? This Key Metric Signals BTC May Have Reached Its Floor

Bitcoin price found support at the bottom of its ascending channel and looks prime for another test of resistance. Bitcoin Price Key Highlights. Bitcoin price went for a test of the channel support as predicted in an earlier article and a bounce took place. This signals that price could be headed back to the channel resistance to carry on with its uptrend. A fresh round of risk aversion could keep bitcoin in demand but technical indicators are giving mixed signals. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the path of least resistance is to the upside. This suggests....

After a poor performance in the first two months of the year, the XRP price appears to have steadied its movement, rousing the hopes of relief among investors. However, the latest on-chain analysis suggests that the altcoin might not have hit its true local price bottom yet.  Number Of Days Spent At A Profit Still Quite Low — Analyst  In a recent post on the social media platform X, on-chain analyst Joao Wedson offered insights into the XRP market, saying the cryptocurrency is yet to enter the early phases of a price rebound, contrary to popular expectations. This on-chain hypothesis is....

Bitcoin price found support at the bottom of its ascending channel visible on the 4-hour time frame, but buying pressure seems weak. Bitcoin Price Technical Analysis. Bitcoin price halted its sharp drop yesterday, bouncing off the ascending channel support illustrated in the previous post. Buyers seem to be getting back in the game at that point, possibly yielding another climb back to the resistance at $780. Technical indicators are giving mixed signals for now so a breakdown might still be possible. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of....

Bitcoin is back above $70,000 after a bruising first quarter, but there are still questions as to whether the asset has already established its cycle low or is still moving through a bottoming phase. A technical indicator following one interesting Bitcoin metric is presently showing signs that the bottom may not yet be in. The Metric With A Perfect Record One Bitcoin metric has always predicted every cycle bottom, and what it is saying now is very important for its next outlook. This metric is the long-term holder supply in loss, which is a measure that tracks how much of the supply held....

It may be a case of "so near yet so far" when it comes to June's multi-year low being the next BTC price floor, warns Willy Woo. Bitcoin's (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues.In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall.Despite many calling a new macro price bottom during June’s trip to $17,600, not everyone is confident that Bitcoin will avoid a retest.For Woo, there is still reason to....