Social Volume Surrounding Bitcoin Suggests Its Uptrend is About to Slow
Bitcoin’s intense multi-day uptrend is slowing as the cryptocurrency reaches $13,000. A confluence of positive news regarding BTC’s adoption amongst corporations helped drive this recent push higher, but it remains unclear how long this uptrend will last. Bears have been ardently trying to stop the cryptocurrency from breaking above $13,000. Each time it reaches this […]
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Data shows the latest rise in Bitcoin’s price is accompanied by a significant uptick in the trading volume. This could suggest that the current uptrend may be sustainable. Bitcoin Trading Volume Climbs Up Fast This Week As per this week’s Arcane Research report, the BTC trading volume is climbing up fast this month after a […]
Aave’s token has been caught within a slow and steady uptrend throughout the past few days and weeks. It has been one of the beneficiaries of the recent rebound in the DeFi market, as it was previously caught within a firm downtrend. This has since reversed, but the cryptocurrency is now struggling to maintain its […]
Bitcoin price analysis provides some evidence that a new uptrend may be in effect. However, recent price action does not show the impulsive surge that normally follows a trend change. The analysis below lays out the evidence on the chart and forecasts the likely paths price may take. Brief. Since reversing from its low at $442 (Bitstamp) price has climbed above, and maintained, a mean price above $500. Even so, price action to the upside has been limp, and volume of trade has been lower than similar junctures in the past. Overall it would appear that downside is incomplete with the decline....
Bitcoin price has lost the $18,000 support level but several whale clusters below suggest that the dip will get aggressively bought up. Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: TradingviewData suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965.According to the data from Skew, Grayscale Bitcoin Trust’s volume on OTC Markets increased significantly in....
Bitcoin is currently caught within the throes of an intense uptrend, with bears being unable to slow its ascent The strength of this uptrend has been quite intense, and seems to indicate that significantly further upside could be imminent The lower and mid-$19,000 region does hold some intense resistance for the cryptocurrency, and another rejection here could strike a heavy blow to bulls That said, the macro strength seen by BTC indicates that a move […]