Bitcoin prepares for CPI showdown as BTC price dips below $19K cost basis
BTC price performance declines in line with U.S. equities ahead of classic volatility engendered by CPI data. Bitcoin (BTC) followed analysts’ predictions with sideways action continuing near $19,000 at the Oct. 11 Wall Street open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price follows stocks downhillData from Cointelegraph Markets Pro and TradingView followed BTC/USD as the pair sat at important support ahead of fresh macro triggers.Brief dips below the $19,000 mark the day prior had been short lived, with sellers subsequently returning in an attempt to effect a....
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Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin Long-Term Holder Cost Basis May Have Hints For Bear Market Length As per the latest weekly report from the analytics firm Glassnode, the LTH cost basis has remained below the realized price for a period […]
The complex-sounding but insightful Long-Term & Short-Term Holder Realized Price Ratio is tipped to repeat its historical bull signal. A "favorite" Bitcoin (BTC) price signal could be about to turn bullish — and upside has always resulted, data shows.As noted by podcast host Preston Pysh on Oct. 18, the Long-Term & Short-Term Holder Realized Price Ratio (LTHSTH-RPR) looks primed to print a bull flag.Chart hints at return of the bullsIt may sound wordy, but LTHSTH-RPR is one of the most accurate Bitcoin price indicators. Its creator, Bitcoin 2021 conference organizer Dylan LeClair,....
But more inexperienced investors have been choosing to become long-term Bitcoin holders, limiting sell-side risks below $30,000. Bitcoin (BTC) could undergo one last bear market capitulation if "whales" — addresses that hold more than $1 million worth of Bitcoin — ramp up their selling pressure, according to on-chain analyst Willy Woo.Room for another Bitcoin drop?Woo assessed the average price at which short-term investors entered the Bitcoin market across history and charted the daily change in the value. That resulted in a cost basis, a metric that signals when "inexperienced" traders....
When bitcoins are passed to an heir in a US inheritance, they are subject to a different tax rule than usual. The cost basis is no longer the purchase price of the bitcoins, which can lead to an heir paying less or more capital gains tax depending on whether the bitcoins had appreciated or depreciated. A little planning can help an heir maximize the....
On-chain data suggests an Ethereum close under the $1,530 level could lead to a significant drawdown for the cryptocurrency. Ethereum Support Levels Below $1,530 Are Very Thin Currently In a new post on X, analyst Ali has discussed what the support and resistance levels of Ethereum are looking like right now. These support and resistance levels aren’t the technical ones, however, but rather ones based on on-chain analysis. The support and resistance levels here are defined based on the density of investors’ cost bases. The “cost basis” here refers to the average....