An analyst has explained how Bitcoin has been tracking Gold for a while now, which could provide hints about what may be next for BTC. Bitcoin Has Been Following In Gold’s Footsteps on 2-Day Timeframe Last year, Capriole Investments founder Charles Edwards shared in an X Gold all-time high (ATH). Below is the chart that…
View More Bitcoin Could Go ‘Bananas’ If Price Closes Above This Level, Top Analyst Says
On-chain data shows the exchanges have witnessed net Bitcoin outflows through the latest volatility, a sign that could be positive for BTC’s price. Bitcoin Exchange Netflow Has Been Negative Recently According to data from the market intelligence platform Exchange Netflow,” which measures the net amount of BTC entering into or exiting out of the wallets…
View More Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges
On-chain data shows the large Bitcoin holders are capitalizing on the lower prices as they have switched to accumulating again. Bitcoin Whales Are Now In Net Buying Mode According to data from the market intelligence platform Large Holders Netflow,” which keeps track of the net amount of the asset that’s entering into or exiting out…
View More Bitcoin Whales Buying The Dip: $1.28 Billion Added Below $90,000
On-chain data shows the demand for using Bitcoin is now neutral from retail investors and could be heading toward a reversal to the upside. Bitcoin Retail Volume No Longer Plummeting As explained by an analyst in a CryptoQuant Quicktake Retail Investor Demand,” which measures, as its name suggests, the demand for the Bitcoin network that’s…
View More Bitcoin Retail Volume Close To Growing Again: Bullish Sign?
After starting the week with a red Monday, Bitcoin (BTC) has recovered the $100,000 zone, registering a 4% recovery from yesterday’s lows. Following its recovery, some crypto analysts suggested that BTC could be getting ready for a February pump. Choppy January, Double-Digit February? On Monday, the crypto market suffered a shakeout generated by the broader…
View More Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away
On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has plummeted recently. Here’s what this could mean for BTC’s price. Bitcoin NVT Golden Cross Has Plunged Into Bottom Zone Recently As explained by an analyst in a CryptoQuant Quicktake NVT Ratio” refers to an indicator that keeps track of the ratio between…
View More Bitcoin NVT Golden Cross Hits 60-Day Low: Is This Bullish?
The market’s New Year rebound turned into a start-of-year retrace after Bitcoin (BTC) dropped from the recently reclaimed $100,000 support into the $94,000 territory. Amid the drop, an analyst shared his “cautiously bullish” outlook for BTC’s price. Bitcoin Risks Crash To $74,000 On Tuesday, Bitcoin dropped below $97,000, dragging the market into the first pullback…
View More Bitcoin Eyes Potential Rebound To $98,600, But Analyst Suggests Caution
As Bitcoin (BTC) continues to move sideways, investors wonder whether the flagship crypto will end the year positively or on a sour note. Some analysts suggest a close above recently lost levels could propel BTC’s price to new highs. Bitcoin’s Red Week, Green Year Since breaking past the long-awaited $100,000 barrier in early December, Bitcoin…
View More Is Bitcoin Ending 2024 On A High Note? Analysts Say This Level Is Key
Bitcoin (BTC) closed the week above the $100,000 mark for the first time in history, concluding the crypto’s massive week with another milestone. However, a market watcher has warned investors that historical patterns could soon lead the flagship crypto to a big correction. Bitcoin First Weekly Close Above $100,000 Bitcoin hit the $100,000 milestone nearly…
View More Bitcoin Sees First Close Above $100,000, But Is A Big Correction Coming?
On-chain data shows a majority of the Bitcoin supply hasn’t moved in more than two years, despite the fact that BTC has seen a significant uplift during this period. Bitcoin Inactive Supply Trend Suggests HODLing Behavior Remains Strong In a new post on X, Glassnode co-founder Rafael has discussed about the trend in the various…
View More 54% Of Bitcoin Supply Inactive Since 2 Years Despite 500% Price Jump