Bullish on Bitcoin: Glassnode’s Latest Indicators Point to ‘Growing Optimism’
As Bitcoin approaches a decade and a half years of flawless service, it becomes increasingly difficult not to accept its technical stability. Though it may be a technical accomplishment, this strength made Bitcoin different from many centralized systems, which can suffer outages and downtimes. Just last week, the global IT outage sparked by CrowdStrike revealed again how vulnerable centralized financial systems can be across sectors. Related Reading: Don’t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting On the contrary, Bitcoin has long functioned unabated and....
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Leading crypto analyst Willy Woo recently weighed in on the state of Bitcoin, providing commentary on five macro signals influencing how he views the top digital asset. His analysis, noted for its depth and precision, provides a balanced view with three bullish and bearish indicators that could influence Bitcoin’s trajectory shortly. Related Reading: Bullish on Bitcoin: Glassnode’s Latest Indicators Point to ‘Growing Optimism’ What are The Bullish Bitcoin Signals? Willy Woo pointed out one of the most significant bullish indicators is the end of miners’ capitulation. This is a....
Glassnode’s new Bitcoin indicator, the “accumulation trend score,” shows the market has leaned towards distribution recently. Bitcoin Accumulation Trend Score Has Shown Values Of 0.2 To 0.5 Recently As per the latest weekly report from Glassnode, the latest addition to the on-chain market intelligence company’s indicators suggests the trend has been that of distribution in […]
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has currently been showing signs of a potential upside move as key indicators turn bullish. This positive momentum which may be triggered by an increase in the market buying pressure has led to a growing optimism about the digital asset’s near-term prospects. In this article, As […]
Stellar (XLM) has experienced a robust resurgence, bouncing off a crucial support level at $0.11. Chart indicators are pointing towards a promising outlook for bullish investors, marking a significant shift in momentum since mid-August. This second rebound from the same support level underscores the formidable strength exhibited by bulls, hinting at the potential for further gains. A price analysis notes that the $0.11 support level has emerged as a steadfast defense line for XLM enthusiasts. Recent price action has illustrated that bears would need to work diligently to flip this level in....
Glassnode’s Rafael Schultze-Kraft joined "The Bitcoin Magazine Podcast" to discuss the insight offered by on-chain Bitcoin analytics.