This Fundamental Indicator Shows Why Bitcoin Can’t Seem to Break $11,000
Bitcoin’s price has entered a consolidation phase as it trades between $10,600 and $10,800 The cryptocurrency’s strong uptrend in recent days stalled as soon as it approached $11,000, as the selling pressure at this level has proven to be quite significant Analysts are now conflicted on where it may trend next, as it all depends on whether $11,000 proves to be a surmountable level One analytics firm is now noting that there is one indicator […]
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Bitcoin has undergone yet another rally over the past 24 hours, rallying from yesterday’s lows near $13,300 to highs of $14,250. The coin currently trades for $14,100. A key technical indicator, though, indicates that the cryptocurrency may consolidate as the price action cools down. Bitcoin Primed to Consolidate, Or Even Drop: Key Analysis Shows The chart below was shared by an analyst amid Bitcoin’s latest leg higher. It shows BTC’s price action has recently printed […]
Bitcoin’s price action as of late has been ultra-bullish, with the cryptocurrency setting fresh yearly highs today in the midst of a stock market selloff Its ability to break its close correlation with equities is a positive sign, and could be emblematic of mounting fundamental strength Analysts are now widely noting that upside is imminent in the near-term, with the recent support-resistance flip of $13,200 being a positive technical development One on-chain indicator is also […]
Bitcoin has plenty of room to rally, according to a fundamental analysis indicator that flagged the price bottom in March.
On-chain analysis shows huge Bitcoin outflows from crypto exchange Binance. BTC might keep the rally up and break $40k. Huge Bitcoin Outflows On Binance As pointed out by a CryptoQuant post, the crypto exchange has observed huge outflows of BTC on Monday. The Binance Outflows indicator shows the amount of Bitcoin transferred from the Binance exchange wallets to personal or other exchange wallets. On the other hand, the inflows show how many BTC were sent into Binance wallets from other types of wallets. The indicator of most interest here is the the Binance Bitcoin netflow, which is just....
Bitcoin is the symbol of financial liberation. It can limit the control governments and central banks have on everyone's hard earned money. Money is the driving force of life in today’s world. Those who do not agree and say money can’t buy everything, it is time for them to revisit the age-old psychological theory established by Abraham Maslow. The Maslow’s pyramid, also known as Maslow’s hierarchy shows the fundamental needs of humans and how it will contribute towards their self-actualization. One look at the pyramid is all it takes to realize that without money, there is no way one can....