Bitcoin is trading at a pivotal level after losing momentum from the $120,000 zone and slipping into deeper volatility. The price is now testing the $112,000 support level, a key zone for bulls to defend in order to avoid further bearish pressure. While the broader trend remains constructive in the long term, the short-term outlook…
Bitcoin has rallied more than 12% since last week’s sharp drop to the $80,000 low, offering the market a brief moment of relief after an intense period of capitulation. Despite this rebound, fear and uncertainty continue to dominate sentiment, especially following what analysts describe as the largest short-term holder capitulation in Bitcoin’s history. Related Reading…
The on-chain analytics firm Glassnode has pointed out how $136,000 could be the next price level of importance for Bitcoin, if current momentum continues. This Bitcoin Short-Term Holder Cost Basis Level Is Situated At $136,000 In a new thread on X, Glassnode has discussed what a few different on-chain indicators suggest regarding where Bitcoin is…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been…
Bitcoin new address momentum is approaching a retest that could change the course of the crypto’s price, if history is anything to go by. Monthly MA Of Bitcoin New Addresses Is Currently Retesting The Yearly MA According to the latest weekly report from Glassnode, new address momentum is currently on the verge of a push…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been…