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....
Related News
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....
No, you’re not dreaming — NFTs have indeed made a comeback over the past several weeks, primarily driven by Ethereum’s recent surge. While a far cry from the heyday back in 2021, this recent surge should grab the attention of investors looking for assets available at a steep discount. This should shift attention back to […]
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 […]
Despite recording multiple price declines in recent weeks, a crypto market expert believes that Ethereum (ETH) could still stage its biggest comeback in history. The analyst has projected a massive price spike toward $3,300, expecting it to occur within just a few weeks. He has attributed this bullish forecast to a recent shift in market […]