Fundamental Signal Reaches Historic Bitcoin Buy Level
A fundamental Bitcoin signal, the Puell Multiple, suggests that it might be a great time to buy more based on past patterns. Puell Multiple Shows Bullish Signal? As pointed out by crypto analyst Lex Moskovski on Twitter, the puell multiple is down into the green zone again. The puell multiple is defined as the daily […]
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An important fundamental health signal of the Bitcoin network just crossed into “capitulation” territory, which in the past was associated with downside risk. However, the tool’s creator says that it wasn’t designed to give sell signals, and shouldn’t be interpreted that way. But because of how profitable its been used as a buy signal over […]
Bitcoin has held above $13,000 surprisingly well. Analysts fear that the coin could retrace, though. An analyst noted that there is a confluence of fundamental and technical reasons why Bitcoin is weak. Another says that the coin could drop as low as $11,500 in a retracement. He noted that around that level lies a confluence of important technical levels, making it a likely level for Bitcoin to bounce if it reaches there. Bitcoin Could Drop […]
The Puell Multiple just flashed a buy signal for the fifth time in BTC’s history, but its creator cautions that a plunging hashrate and China’s miner purge are important factors to consider. The cryptocurrency market found itself in a state of cautious optimism on June 28 after Bitcoin (BTC) price briefly spiked above $35,500, renewing hopes that the bull trend will resume shortly. Despite the bullish move, some analysts have warned that the failure to secure a daily close above the $35,000 resistance is a sign that traders are simply closing positions at each breakout to resistance, a....
Toncoin (TON), which once saw significant hype leading to consistent new highs, has struggled to regain upward momentum. After a series of steady declines in the past week, the asset’s price has now slipped below the $4 mark, leaving investors concerned about its near-term potential. This prolonged downtrend has caused speculation about whether TON might be approaching a crucial turning point that could result in a major reversal in price. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound TON’s NMR Hits Rock Bottom: A Golden Opportunity for....
Our expectations materialized on November 26th and the price of BTC to USD went up, overcame the resistance level of $345 and is now at the level $353.6. Considering the holidays in the US, the bulls took the initiative in their hands. Today, November 27th the way to around $370 is open for the Bitcoin price. But we shouldn’t forget about the straightening positions of the US dollar. Positive statistics from the US in recent days indicates that the dollar will continue to strengthen. Therefore, traders should be cautious as ever – as the scenario, when the Bitcoin price reaching $370 will....