Bitcoin May Have Hit Wall of Profit Takers Around $19,500: Analyst
Huobi Global saw an influx of larger-than-average bitcoin deposits soon before the price drop, an analyst said.
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The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.
On-chain analytics firm Glassnode has revealed how the different Bitcoin investor cohorts have been reacting to the latest price dip. Bitcoin Conviction Buyers Are Stepping In, But Profit Takers Have Also Surged In a new post on X, Glassnode has discussed about the how the supply associated with the various Bitcoin behavioral cohorts has changed […]
Ethereum, the world’s second-largest cryptocurrency by market capitalization, established a new record high on Thursday. The ETH/USD exchange rate reached $1,927 ahead of the London opening bell after surging 4.12 percent. Later, the pair gave up a small portion of its gain to profit-takers. It was trading at $1,896 as of 1224 UTC, still up […]
An analyst has explained how Bitcoin’s bottom in the current cycle may not follow the same pattern as historical bear markets. Bitcoin Could Bottom Around True Mean Price Instead This Time In a new post on X, Checkonchain co-founder Alec Dejanovic has talked about a couple of pricing models related to Bitcoin. The first of these is the “Realized Price,” keeping track of the cost basis of the average investor on the BTC network. Related Reading: XRP Rebounds From Channel Bottom, Analyst Says $2.60 Could Be Next When the BTC spot price is trading above this level, it means....
The Dogecoin (DOGE) price has been in a prolonged downtrend for months, basically mirroring Bitcoin’s decline and showing no signs of a sustained recovery or uptrend. However, a crypto analyst has suggested that this might change soon. The analyst has identified a critical sell wall on the Dogecoin chart that, if broken, could trigger a […]