BULLISH: Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating H...
As the bear market continues to linger, several market analysts have pointed out key metrics or factors that show that the Bitcoin bull market might not be far off. This time, Bloomberg analyst Jamie Coutts has identified key Bitcoin adoption metrics that provide bullish signals to the crypto community. What Are These Key Bitcoin Metrics? In a tweet shared on his X (formerly Twitter) platform, Coutts noted that “HODLers” and transactions on the Bitcoin network were at an all-time high. According to the update he shared, the number of addresses holding more than 1 BTC is at its highest over....
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A recent meltdown in the Bitcoin price from its record high near $42,000 has done little to shake its bullish bias, at least according to a Bloomberg analyst.
An analyst has explained, using different on-chain indicators, how Uniswap (UNI) could be gearing up for a price breakout. Uniswap Metrics May Point That A Rally Could Be Brewing Up In a new post on X, analyst Ali has discussed the outcome that UNI may face based on some underlying metrics. The first indicator of […]
Dogecoin is currently seeing reasonable upside following the Bitcoin recovery above $71,000. This has sent the whole crypto market into a state of euphoria, and the DOGE price has crossed the $0.16 resistance while at it. This bullish trend is expected to continue, as one analyst points out that Dogecoin has formed a bullish triangle […]
Ethereum had always had its price be a strong bone of contention among investors. While some may believe that the digital asset is overvalued, others believe that the cryptocurrency is yet to fulfill its potential. One of those is Bloomberg analyst Jamie Coutts, who has revealed a very bullish forecast for the digital asset, saying it would grow more than 100% from its current price. Ethereum At $6,000? Coutts has expressed a very positive outlook for the second-largest cryptocurrency, Ethereum. Like others before him, the Bloomberg analyst sees the cryptocurrency’s utility and real-world....
XRP has experienced a small decline in value over the past few days, coinciding with a period of consolidation in the broader cryptocurrency market after four weeks of consecutive price increases. Although data from CoinMarketCap at the time of writing puts XRP being up by 1.78% in the past 24 hours, a larger seven-day timeframe shows it is still down by 8.68%. On the other hand, price metrics including open interest on futures contracts and a bullish divergence with the RSI indicate the potential for a significant increase in the value of the token in the near future. Crypto Analyst....