This Indicator With an 80% Strike Rate Just Flashed a Bullish Sign for Bitcoin
Bitcoin and the aggregated crypto market have been struggling to gain any significant momentum BTC has pushed off of its recent lows, however, it remains in a somewhat precarious position as its price continues trading sideways Where it trends next will likely depend largely on the stock market, which has had intense influence over its price action Still, its independent strength remains, as most on-chain indicators are flashing bullish signs One analyst is now noting […]
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Bitcoin’s price action as of late has been ultra-bullish, with the cryptocurrency setting fresh yearly highs today in the midst of a stock market selloff Its ability to break its close correlation with equities is a positive sign, and could be emblematic of mounting fundamental strength Analysts are now widely noting that upside is imminent in the near-term, with the recent support-resistance flip of $13,200 being a positive technical development One on-chain indicator is also […]
The Puell Multiple just flashed a buy signal for the fifth time in BTC’s history, but its creator cautions that a plunging hashrate and China’s miner purge are important factors to consider. The cryptocurrency market found itself in a state of cautious optimism on June 28 after Bitcoin (BTC) price briefly spiked above $35,500, renewing hopes that the bull trend will resume shortly. Despite the bullish move, some analysts have warned that the failure to secure a daily close above the $35,000 resistance is a sign that traders are simply closing positions at each breakout to resistance, a....
A brief pause in the Chainlink (LINK) uptrend has prepared the token for a major bull run. That is according to a technical indicator that has emerged following LINK’s latest rebound. Dubbed as “Bull Flag,” the pattern appears as a downside correction during an uptrend. Most traders treat its occurrence as a sign of bullish […]
A cryptocurrency analyst has explained how the TD Sequential has accurately spotted XRP trend reversals over the last three months, and It has just flashed again. TD Sequential Has Given Another Signal For XRP In a new post on X, analyst Ali Martinez has discussed about the Tom Demark (TD) Sequential signal that has just formed for XRP. The TD Sequential is a technical analysis (TA) indicator that’s used for spotting points of trend reversal in a given asset’s price. Related Reading: Bitcoin Cost Basis Map Reveals Key War Zone Between Bulls & Bears The indicator involves two....
On-chain data shows crypto exchange Coinbase saw a withdrawal of 400k Ethereum yesterday. This could be a sign of activity from institutional investors, and could prove to be bullish for the coin. Coinbase Observes Outflow Of 400,000 ETH As pointed out by a CryptoQuant post, about 400k ETH (1.5 billion at the current exchange rate) was withdrawn yesterday from the crypto exchange Coinbase. The indicator used here is the Ethereum outflow, which shows the total number of coins exiting wallets of the exchange. When the metric shows a big spike, it means a lot of ETH was withdrawn from the....