Bitcoin Price Drops Below $58K Again, BTC To Make A Comeback Says Key Metric
After briefly trading above $59,000 in the early hours of Tuesday, Bitcoin price has now seen a significant retracement, dropping below the $58,000 price mark once again. However, despite this struggle to rally, a CryptoQuant analyst named Kripto Mevsimi recently shared an intriguing observation regarding Bitcoin price on the CryptoQuant QuickTake platform. Related Reading: Bitcoin’s Breakout Blueprint: Analyst Reveals Roadmap For Imminent Surge Bitcoin’s Sharpe Ratio Hits New Lows: Bullish Signal Or A Warning? According to the analyst, Bitcoin’s short-term Sharpe ratio has....
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The price of bitcoin is now hovering around $250. Just recently I reported on the currency's stance at around $232, and now that price has risen by almost $20. Digital currency enthusiasts should be feeling good, right now. There's evidence that their investments might be making a comeback, but there is still a long way to go. I will say that if there is one thing the bitcoin price has taught me, it is that you can't be too careful. If you share my personality, you probably sit and wait for things to get better. You hold onto that hope, and even though the price may rise, you're always....
Here’s the level, according to on-chain data, that Bitcoin might have to conquer if the rally has to make a real comeback. Bitcoin Is Currently Near Short-Term Holder Cost Basis In a new post on X, analyst Root shared a chart revealing that the BTC price has recently been retesting the short-term holders’ cost basis or the realized price (STHs). The “realized price” here measures the average price at which Bitcoin investors acquired their coins. When the spot price is trading above this indicator, the holders are in a state of profit right now, while below the....
Bitcoin price has smashed all expectations, but even more so it has crushed almost all other commodities into dust in terms of raw ROI. Confusingly, however, gold is at the very bottom of the barrel. Here’s how Bitcoin has decimated the once precious metal and hard money standard, but also a look at a comeback […]
Ethereum (ETH) is down 20% in the last week and triggering a negative sentiment in the market. Ethereum stalls and fails to make a comeback in the last week ETH flunks at reclaiming $2,000 level Ethereum RSI indicates a bearish stance Additionally, Ethereum also didn’t make it to the $2,000 mark. The bears are trying to yank ETH price down and pin down the bulls. Only the daily chart, there is a formation of a rising wedge pattern indicating that a bearish movement could drag on. The bulls are looking to stave off a decline shooting below the $1,700-$1,800 levels.....
The Bitcoin price has been gaining momentum and steadily rising back to a more bullish price position of $30,000. Despite market downturns, long-term holders of the cryptocurrency are increasing their investments in hopes of a significant bull run. s the holder metric hits a new all-time high. Bitcoin Price Rises As Holder Metric Peaks Bitcoin’s […]