‘Large pump’ coming to Bitcoin, hints BTC price metric — But maybe not until ...
Stochastic RSI all but copies moves that sparked 2013’s all-time highs, but hodlers may be kept waiting until the very last minute this year. Bitcoin (BTC) should see a “large” price increase thanks to a rare bullish phenomenon that has just hit for the first time in seven years.In his latest update on Bitcoin’s relative strength index (RSI), popular Twitter analyst TechDev flagged major similarities between this year and the 2013 BTC bull run.Stochastic RSI sees “especially bullish cross”As Bitcoin heads higher, RSI has rapidly increased and is currently cooling from “overbought”....
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Bitcoin continues with its crab-like price action as it moves around $45,000, and $50,000. As of press time, BTC’s price trades at $46,854 with 4.2% losses in the last day. Related Reading | TA: Bitcoin Fails Again, Can Bulls Save The Day? Operators seem to expect more profits in the short term as Bitcoin has historically seen gains at the end of every year. However, BTC’s price could remain rangebound for at least early 2022. After December 3rd crash into the lows at current levels, Bitcoin has struggled to maintain stability and has seen an increase in volatility. This could be the....
Historical data of the Bitcoin volatility index hints that the price of the crypto may observe a big move in the near future. Bitcoin Volatility Index Has Recently Been Below A Value Of 25 As pointed out by an economist on Twitter, the volatility index has declined into a zone that has historically been followed by an explosive move in BTC. The “volatility index” in question is the BitMEX .BVOL index, and according to the exchange, the metric’s value “is the rolling 30 day annualized volatility of the daily 11:30 UTC to 12:00 UTC Time Weighted Average Price (TWAP)....
Bitcoin has chosen violence. The first crypto by market cap trades at $57,873 with a 3% loss in the daily and an 11.2% loss in the weekly chart. After making a push close to $60,000 Bitcoin was rejected and has trended to the downside for the past 2 hours. The benchmark crypto might have reacted to the potential re-appointment of the U.S. FED Chair Jerome Powell to his position for a second term. Related Reading | This Bitcoin Metric Hints At Bottom, Is BTC Out The Woods? Data from Material Indicators suggest the move to the upside was driven by investors with orders with an estimated....
The XRP price continues to trade sideways on low timeframes as the crypto market faces a spike in selling pressure. While major cryptocurrencies will likely bleed into critical support, one analyst believes there is hope for the XRP Ledger native token. Related Reading: ADA Price Hints At Potential Correction, Buy The Dip? As of this writing, the XRP price trades below the critical psychological level of around $0.5 and stands at $0.47 with a 2% loss in the last 24 hours. Over the previous week, XRP was one of the worst performers, recording a 9% loss. Bitcoin Dominance Declines, XRP Price....
Data shows large transactions are rising in dominance as whales are moving their coins. This hints at Bitcoin’s increased maturation as a macro asset. Large Transactions Are On The Rise On The Bitcoin Network According to the latest weekly report from Glassnode, large transactions are becoming increasingly dominant on the BTC network, hinting that whales and institutional investors are showing rising interest in the crypto. The relevant indicator here is the total transfer volume breakdown by size (7-day moving average). This metric classifies the total transactions happening on the....