Analyst Says $71,000 Bitcoin Move Is Only Halfway Through, Here’s Why
An analyst has explained how the current Bitcoin surge appears to have hit the halfway completion mark if this indicator is to go by. Bitcoin VWAP Oscillator Suggests BTC Rally Only Halfway Done In a new post on X, analyst Willy Woo has posted an update for how the Bitcoin Volume Weighted Average Price (VWAP) Oscillator is looking like after the latest rally. The VWAP is an indicator that, as its full form suggests, calculates an average price for the cryptocurrency based on not just the changes in the price over the day but also the volume that was traded at these prices. Related Reading:....
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Bitcoin is firm, recently trending above $71,200 and easing past local resistance levels, much to the delight of holders. However, the current leg up is just the beginning for Willy Woo, an on-chain analyst. Bitcoin Rally Getting Started: Analyst Taking to X, Woo, who has been maintaining a bullish outlook for the world’s most valuable coin, boldly asserts that the current Bitcoin rally is only halfway through its welcomed bullish journey. Sharing a chart, the on-chain analyst notes that the Bitcoin VWAP oscillator just bottomed up from oversold territory and is now at the zero....
Based on crypto analyst Javon Marks’ recent analysis, a massive price breakout could be on the cards for Dogecoin (DOGE). The analyst suggested that this big move for the foremost meme coin could happen sooner than many would expect. Dogecoin To Enjoy A 404% Price Breakout Marks predicted in an X (formerly Twitter) post that […]
Altcoins have been on a real tear for months, but Jarvis Labs analyst Ben Lilly says we’re not in an "alt season" just yet. Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an "altcoin season." A quick view of Crypto Twitter shows the schism between traders who are certain we are halfway through alt season and those who believe it has yet to begin.Typically, traders rely on a wide swath of indicators and metrics, like Bitcoin’s total market capitalization versus the total altcoin market....
The Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving. Bitcoin (BTC) marks a milestone mining journey on Thursday, crossing the halfway point on the way to its next halving. In Block number 735,000, mined at approximately 10:29 UTC, Bitcoin crossed the halfway point to the next halving. The block was mined by Poolin, earning 0.16215354 BTC ($6,402.45) in fees. Halvings occur every 210,00 blocks, and May 5 marks the cross-over point into the second leg of 105,000 blocks. For some Bitcoiners, such as....
A crypto analyst has warned crypto investors against trading XRP, stating that investors have missed the opportunity to make gains from the cryptocurrency. Analyst Advocates Against XRP Trading A prominent X (formerly Twitter) crypto analyst, IncomeSharks released a post on Tuesday, advising crypto investors to avoid trading XRP. The statement came as a surprise to […]