Since reaching a new all-time high of $124,427 on August 14, Bitcoin has entered a prolonged corrective phase, losing 12.18% of its value over the last two weeks. With market prices now moving within the $109,000 range, market analyst Yonsei_dent has identified a pivotal support level to the present bullish market structure. Bitcoin’s $107,800 Line…
View More Bitcoin Risks Deeper Losses If $107,800 Line Fails To Hold – Details
Bitcoin is trading in the $117,000 price region following a rather eventful week, which allowed investors to experience both sides of the market volatility. Notably, the premier cryptocurrency established a new all-time high at $124,457 before experiencing a sharp crash to below $118,000 driven by recent US PPI data. As enthusiasts await the asset’s next…
View More Bitcoin Next Crucial Test Lies At $127,000 — Breakout Eyes $144,000 Mark
The on-chain analytics firm Glassnode has revealed Bitcoin has recently been trading within a short-term band that has its upper level currently located at $117,000. Bitcoin Is Trading Between These Two Short-Term Holder Price Bands In a new short-term holders (STHs), investors who purchased their coins within the past 155 days. The indicator related to…
View More Bitcoin Short-Term Upper Bound Is $117,000, Glassnode Says
Bitcoin is trading below the $100K mark after enduring a volatile and turbulent week. The cryptocurrency faced extreme selling pressure last Sunday, dropping over 9% in less than 24 hours. Although Bitcoin managed a slight recovery on Monday, the selling pressure has persisted, leaving the market in a state of uncertainty. Key metrics shared by…
View More Bitcoin Indicator Signals Short-Term Holders Have Been Taking Profits – Is The Next Rally Near?
Bitcoin has been struggling to reclaim the $100K mark, facing intense volatility and selling pressure since the weekend. The market remains uncertain as bulls attempt to defend key support levels while bears push for a deeper correction. Despite this, Bitcoin continues to show resilience, holding above crucial price zones that could determine the next big…
View More Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price – Expert Reveals Key Resistance Level
The Bitcoin market experienced a modest recovery over the past week following the 15.7% correction in the latter half of December 2024. Amidst this recent price gain, developments from the short-term holders (STH) activity have revealed significant indications for Bitcoin in the coming days. Bitcoin STH MVRV At 1.1 With More Room To Run According…
View More Short-Term Bitcoin Holders See 10% Profit – Potential Impact On Price?
On-chain data shows the Realized Price of the Bitcoin short-term holders lies at $86,800 right now, making the level one to watch. Bitcoin Is Still At A Notable Gap From Short-Term Holder Cost Basis In a new Market Value to Realized Value (MVRV) Ratio,” which keeps track of the ratio between BTC’s Market Cap and…
View More Bitcoin Decline Continues: Is $86,800 The Level To Watch?
On-chain data shows the Bitcoin short-term holders have only been taking minimal profits recently despite the asset’s latest rally. Bitcoin Short-Term Holder SOPR Is Currently At Relatively Low Levels As pointed out by an analyst in a CryptoQuant Quicktake post, the short-term holder SOPR is still under the range that has signaled overheated conditions for…
View More Bitcoin Bullish: Trader Profit-Taking Stays Low Despite $71,000 Break
Data shows the ratio between two Bitcoin on-chain metrics has recently formed a pattern that has historically been bullish for the asset’s price. Bitcoin LTH/STH SOPR Ratio Has Crossed Above Its 90-Day MA Recently In a new Spent Output Profit Ratio” (SOPR) is an indicator that tells us about whether the Bitcoin investors as a…
View More Bitcoin Bull Run Not Over Yet? This Ratio Has Just Seen A Golden Cross
An analyst has explained how this Bitcoin on-chain indicator has been one of the best in terms of short-term trading during the past month. Bitcoin Short-Term Holder Realized Price Has Proven To Be Reliable Recently In a new post on X, CryptoQuant Community Manager Maartunn has discussed about an indicator that’s suited for doing day-to-day…
View More Bitcoin Analyst Reveals Best On-Chain Metric For ‘Day-To-Day Trading’