Bitcoin (BTC) continues to trade below the $85K level, fueling fears of further downside as the bearish trend remains intact. Bulls are losing momentum, failing to reclaim key resistance levels and hold lower demand zones, raising concerns about a potential continuation of the correction. Macroeconomic uncertainty and volatility remain key drivers of price action, with…
View More Bitcoin Accumulation Resumes After 3 Months Of Distribution – Analyst
The on-chain analytics firm Glassnode has revealed in a report how the Bitcoin investors have seen a shift toward strong distirbution recently. Bitcoin Accumulation Trend Score Has Been At A Low Level Recently In its latest weekly report, Accumulation Trend Score” is an indicator that tells us about the degree of accumulation that the BTC…
View More Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals
On-chain data shows the Bitcoin Accumulation Trend Score has observed a decline recently, a sign that investor cohorts have taken to selling. Bitcoin Accumulation Trend Score Is Currently Sitting At 0.21 In a new Accumulation Trend Score” refers to an indicator that tells us about whether the Bitcoin investors are accumulating or not. The indicator…
View More Bitcoin Accumulation Trend Score Turns Red: More Decline Coming?