On-Chain Data Shows Why Bitcoin’s Next Stop Could Be At $82K
The Bitcoin price has not particularly impressed over the past two weeks, but it appears to have steadied its movement within a clear consolidation range. In its latest attempt to shine, the premier cryptocurrency faced fierce resistance around $74,000 on Friday, March 13. Interestingly, the latest on-chain data suggests that the $74,000 resistance might not be the barrier it appears to be. According to a prominent crypto analyst on the social media platform X, the Bitcoin price seems to have a free runway to return to above the $80,000 mark. BTC Price Has Free Runway To $82,000: Analyst....
Related News
Bitcoin has seen a strong surge over the past three weeks, moving from $11,200 to a high of $15,300. That is a 36.5% gain in the span of twenty days, making it the best-performing asset over that time frame. While some are expecting a retracement from here, on-chain data shows that the market can sustainably […]
Institutions and "whales" have continued their bitcoin purchases, on-chain data shows.
A look back at 2021’s most important events and on-chain trends for bitcoin’s price action, as well as a brief look forward into 2022.
Errors in the reporting of bitcoin’s on-chain data can drastically affect the volatility and price of the market.
Bitcoin’s latest price action has turned into a fight for control around one of the most important areas. The price has been struggling to recover after falling back below $80,000, and the weakness is now taking place below two major on-chain levels that are converging at $78,000. On-chain data shows that the Short-Term Holder Cost […]