Bitcoin MVRV Momentum Has Shifted – Metrics Indicate A Trend Reversal
Bitcoin is now at a critical phase, consolidating between key supply and demand levels as uncertainty dominates the market. Over the past week, the price has ranged between $98K and $94K, leaving traders and investors speculating about the next significant move. Sentiment remains divided, with many leaning toward a bearish trend, suggesting that the next […]
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BNB, a native token of the Binance cryptocurrency exchange, made it through the bearish month of September with minimal losses. BNB currently trades at $285.40 and is up by 3.4% for the past two weeks The altcoin’s MVRV declines, indicating possible price drop Social volume of BNB dips as interest may be fading With its $45.8 billion market capitalization, it is the 5th largest digital currency behind Bitcoin, Ethereum and Tether. At press time, according to Coingecko, the coin first introduced via ICO in 2017 is trading at $281.40, increasing its price by 3.4% during the last 14 days. The....
On-chain data shows the XRP Market Value to Realized Value (MVRV) Ratio has just gone through a crossover that may not be positive for the asset’s price. XRP MVRV Ratio Has Dropped Under Its 200-Day MA As pointed out by analyst Ali Martinez in a new post on X, the MVRV Ratio’s latest crossover may signal a macro trend shift for XRP. The “MVRV Ratio” refers to an on-chain indicator that keeps track of the ratio between a given asset’s market cap and its realized cap. Related Reading: Bitcoin Bear Market Is Below This Level, Analyst Reveals The realized cap is a....
According to Glassnode’s Bitcoin MVRV Z-Score indicator, Bitcoin is about to cross the red zone. The last time BTC saw this trend, it rallied two times more from its current price. What is the Bitcoin MVRV Z-Score and why is this important? The Bitcoin MVRV Z-Score indicator is typically used to measure whether an asset […]
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:....
Bitcoin has shown some resilience after weeks of consistent price declines, recording a slight upward move in the past day. However, the recovery has not been sufficient to reverse the prevailing bearish sentiment, with the cryptocurrency still trading below the key psychological level of $100,000. Notably, according to a recent insight shared by a CryptoQuant analyst known as Crypto Dan, this latest uptick from Bitcoin might just be an early sign of stabilization. Related Reading: Bitcoin On The Brink Of A Massive Short Squeeze, Expert Warns Market Indicators Show Room for Growth In....