Bitcoin metrics demand BTC price gains as analysis calls for ‘near-term caution’

Bitcoin metrics demand BTC price gains as analysis calls for ‘near-term caution’

Rare signals coming from derivatives markets echo the start of previous Bitcoin price run-ups, but a bearish retest of support could come first, says Decentrader. Bitcoin (BTC) has a “possibility” of winning back more lost ground this month, but a retest of $40,000 may test bulls beforehand.In its latest market update on Feb. 11, trading suite Decentrader voiced cautious optimism over BTC price action.Derivatives turn complementaryAfter rallying above $45,500 on the back of United States economic data, BTC/USD has since dropped back into the range that has defined it this week.For....


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Bitcoin network activity decline suggests longer bear market: Glassnode

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Will bulls take charge now that Bitcoin price trades above a long-term trendl...

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87% Of Bitcoin Hodlers Laughing All The Way To The Bank – Here’s Why

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Bitcoin Price Technical Analysis for 12/29/2016 – Setting Its Sights on $1,200?

Bitcoin price could be in for more gains past $1000 as long-term candles show no signs of reversal just yet. Bitcoin Price Key Highlights. Bitcoin price seems unstoppable in its climb, as strong bullish candles have formed on the weekly chart. The $1000 handle held as near-term resistance as predicted in the previous article since short-term traders likely booked some profits there. Still, the strength of the rally on the longer-term charts indicates that bulls have enough energy left in them. Technical Indicators Signals. The 100 SMA remains above the 200 SMA on the weekly chart,....

How Bitcoin On-Chain Metrics Hint At A Long-Term Bottom

Predicting the bitcoin bottom is something that is done with much fervor by investors in the space since it often means more profit if they can accurately catch the bottom. It often proves to be a difficult task but using blockchain metrics can provide some guidance. Presently, these blockchain metrics have fallen to new lows, […]