Latest Trend In Bitcoin Realized Cap Suggests A Bullish Pattern

On-chain data shows that a Chainlink indicator is currently forming a pattern that has led to an average 50% increase for LINK in the past. Chainlink 30-Day MVRV Ratio Has Plunged In a new post on X, analyst Ali discussed the latest trend in Chainlink’s 30-day MVRV ratio. The “Market Value to Realized Value (MVRV) ratio” is a popular on-chain indicator that tracks the ratio between LINK’s market cap and realized cap. The market cap naturally refers to the total valuation of the asset’s circulating supply at the current spot price. In contrast, the realized cap....

Bitcoin Price Key Highlights. Bitcoin's price is stuck in a consolidation pattern once more, as bulls are taking a break from their recent strong rally. This type of consolidation pattern has already been seen in the past, with Bitcoin's price making an upside breakout from the bullish continuation signal. The Bitcoin price has formed a bullish flag pattern on its 1-hour time frame, which suggests that more buyers could join the game once an upside breakout occurs. How High Can It Go? The mast of the bullish flag continuation pattern is approximately $30 in height, spanning from $395 to....

Past trend of the Bitcoin actual/realized price ratio may be forming a pattern that could hint at a possible bottom for the crypto at $17k. Bitcoin Actual/Realized Price Ratio Currently Has A Value Of 0.8 As pointed out by an analyst in a CryptoQuant post, historical data of this BTC ratio may have interesting implications for the current market. The realized cap is a capitalization model for Bitcoin that multiplies each coin in the circulating supply with the price at which the coin was last moved and takes the sum of all the values. This is different from the usual market cap, where the....

Bitcoin could soon see a bullish trend reversal as an on-chain indicator suggests it will do so. The on-chain indicator has predicted a number of notable price trends over the past few years. For one, during 2017’s bull market, the indicator formed a number of bounces off the 1.0 reading. Other fundamental trends also suggest that the prevailing Bitcoin trend is bullish. Bitcoin Could See a Bullish Trend Reversal Very Shortly: Key On-Chain Analysis Bitcoin […]

Solana (SOL) has captured the attention of investors and analysts as its price charts form a distinctive falling wedge pattern. This technical formation, often seen as a potential trend reversal indicator, has stirred discussions about the future trajectory of SOL’s value. A falling wedge pattern is a common chart pattern in technical analysis, characterized by a contracting range between two trendlines that slope in the same direction. The upper trendline, representing the declining highs, converges with the lower trendline, formed by the decreasing lows.  This pattern suggests a....