14,600 Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Bro...
Bitcoin is facing resistance after weeks of upside that carried it significantly above the lows that defined the worst of the correction. The recovery had been building momentum — and today that momentum met a specific kind of obstacle that XWIN Research Japan has analyzed in detail, with findings that change how the decline should be read. Related Reading: Bitcoin Found Support Where Recent Buyers Can’t Afford to Lose: Discover the Mechanics Bitcoin briefly fell below $80,000 today. Ethereum dropped under $2,300. More than $90 billion was erased from the combined crypto market cap from....
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At the time of writing, Bitcoin has smashed its way through the $60,000 resistance and seems ready to take on new highs. The first cryptocurrency by market cap records a 11.6% and 4.2% profit in the weekly and daily charts, respectively. Pseudonym analyst Pentoshi expects Bitcoin to entered uncharted territory in the near future. As he pointed out, BTC’s price was capable of breaking out of its macro low high by forming a new trend. Related Reading | TA: Bitcoin Key Indicators Suggest Upside Continuation To $62K As seen below, Bitcoin has created an important support at the $50,000....
According to a crypto analyst, the Bitcoin price remains firmly in a bear trend and could be preparing for another major crash to new lows. Using a wave structure, the expert mapped out BTC’s price action during this bearish phase, outlining how he sees the current market developing and where he believes the next downside move could lead. Contrary to other analysts’ predictions, the analyst believes that BTC has not yet reached its cycle bottom and may first see a final surge before plunging below $40,000. Related Reading: Stablecoins Go Institutional As Morgan Stanley Rolls Out New....
With the broader cryptocurrency market regaining bullish traction, Bitcoin, the largest digital asset, could once again be heading to its all-time high of $125,000. Following BTC’s renewed upward movement, millions of BTC have moved back into profit territory, reinforcing the strength of the ongoing rally. More Bitcoin Is Moving Back Into Profit A significant portion […]
A report from the on-chain analytics firm Glassnode has revealed how Bitcoin investors have recently been realizing an hourly profit 17% above the baseline. Bitcoin Realized Profit Has Spiked Alongside Recovery Rally In its latest weekly report, Glassnode has talked about the recent trend in the Realized Profit of Bitcoin. The “Realized Profit” here refers to an on-chain indicator that, as its name suggests, measures the total amount of profit that the BTC investors are realizing through their selling. Related Reading: Litecoin Conviction Remains Strong: More Than 20% Of Supply....
On-chain data shows the Bitcoin short-term holder SOPR has broken above one for the first time since December 2021. Bitcoin Short-Term Holders Return To Profit Once Again As pointed out by an analyst in a CryptoQuant post, the BTC STH SOPR has once more broken past the “one” barrier. The “Spent Output Profit Ratio” (or SOPR in short) is a Bitcoin indicator that tells us whether coins selling right now are selling at a profit or a loss. The metric works by looking at the price history of each coin being sold on the chain to see what price it last moved at. If the....