Bitcoin Could Rally Above ATH To $128K – On-Chain Indicator Signals Potential...
Bitcoin (BTC) continues to face massive selling pressure, with prices dropping below the $85,000 mark, marking a 12% decline since last Friday. The recent downturn has fueled panic selling and heightened fear, leading many investors to speculate about the potential start of a bear market. As uncertainty grips the market, traders remain cautious about Bitcoin’s next major move. Related Reading: Cardano Bulls Eye $10 Target – Analyst Reveals Key Levels To Break However, despite the ongoing sell-off, key on-chain data from CryptoQuant suggests that Bitcoin could be setting up for a recovery....
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Bitcoin price has faked advance, and now proceeds to retest the consolidation zone near $570 (Bitstamp). For traders to get themselves in profitable trades, they only need to follow a method and apply the required discipline to stick to their method. And then, evidently, sometimes you have to defy the method! What a life. At xbt,social we saw powerful bullish signals forming in the intermediate timeframe charts, during the past week, but decided on $600 as the trigger to entry. Precisely because the bitcoin market fakes-out prior to advance. The chart signals have been out of sync during....
Bitcoin has plenty of room to rally, according to a fundamental analysis indicator that flagged the price bottom in March.
Crypto analyst Ali Martinez has drawn the Cardano (ADA) community’s attention to a crucial indicator that could be bullish for Cardano’s price. Based on his analysis, the crypto token could experience a rally that would cause it to rise to as high as $1. Related Reading: Stablecoins Get A Seat At The Table: US Senators […]
On-chain data shows a few Bitcoin indicators are following a trajectory that could potentially explain the reason why the latest rally has taken a pause. Bitcoin On-Chain Metrics Have Seen Bearish Developments Recently In a new post on X, an analyst has talked about how a few on-chain indicators related to Bitcoin have changed recently. The first metric of relevance is the “Exchange Reserve,” which measures the total amount of BTC that’s sitting in the wallets associated with centralized exchanges. Related Reading: Ethereum Whales Sell, But Bitcoin’s Key Investors Are....
The Bitcoin price could stagnate until early 2021, various on-chain indicators show, as investors could take profit. The Bitcoin price (BTC) reached the $19,400 mark in the past 24 hours, which has served as a critical resistance level since the start of December. However, on-chain indicators show that the dominant cryptocurrency could stagnate or consolidate until early 2021. Although BTC is nearing its all-time high at around $20,000, there are compelling reasons to expect more sideways action.On-chain analysts primarily explore two indicators to gauge the sentiment of an ongoing rally:....