Bitcoin Faces Short-Term Distribution – Analyst Explains Why Bull Market Rema...
After weeks of intense selling pressure, Bitcoin (BTC) has entered a consolidation phase, trading below the $85K mark and above $80K. Bulls now face a critical test, as they must push BTC above $90K to prevent bears from driving prices lower. Related Reading: Whales Accumulate Over 420,000 Ethereum In Five Days – Rally On The […]
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Those who plan to short the ongoing bull run must think twice, as per on-chain analyst Kim-Young Ju. The chief executive of CryptoQuant, a data analytics firm, said in a Thursday tweet that traders have no reason to place bets on Bitcoin’s potential fall. He explained that despite the cryptocurrency’s short-term downside correction from its […]
The price of Bitcoin dropped below $16,400 on the day following a massive short-term correction. On-chain analyst Willy Woo attributed the pullback to an overheated bull run. Before the pullback happened, the Bitcoin derivatives market showed signs of extreme buyer demand. The market was dominated by buyers and long contract holders, leaving BTC vulnerable to […]
There's no reason to discount the Bitcoin bull run yet, longer-term price data shows, but faith in an end-of-year rebound is thin. Bitcoin (BTC) retained $50,000 as support overnight into Dec. 8 amid confidence that the 2021 bull market was not yet over. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSilver lining for BTC weeklyData from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but failing to crack through $50,000 after reaching local highs of $51,990 on Bitstamp Tuesday.The pair had accelerated at the start of trading on Wall Street, adding to existing....
An analyst has explained how an important Bitcoin indicator is back to levels that may be considered healthy for a bull-market uptrend. Bitcoin Short-Term Holder Realized Price No Longer Growing Too Fast In a new post on X, analyst James Van Straten has talked about the 7-day rate of change in the Realized Price of […]
According to Glassnode’s latest The Week On-Chain report, Bitcoin (BTC) must remain above the Short-Term Holder (STH) cost basis to avoid potential downside risks. Historically, this price level has served as a crucial pivot point between local bull and bear market phases, making it a key area to watch. Bitcoin Must Avoid Sliding Below STH […]