On-chain data shows that a Bitcoin cross that has proved quite profitable has once again formed for the cryptocurrency. Bitcoin Realized Price Of Short-Term Holders Overtakes Long-Term Holders As an analyst in a CryptoQuant post explained, the realized price of the 1 to 3 months holders has just exceeded that of the 6 to 12…
While Bitcoin’s (BTC) price action since the beginning of the year has been impressive, surging by over 80% since January due to several factors, the asset has plummeted in recent weeks for other reason that include the continuous regulatory scrutiny in the industry. However, according to recent reports, the asset may just be gearing for…
On-chain data shows the Bitcoin NVT Golden Cross has entered into the overbought region, something that could be bearish for the price. Bitcoin NVT Golden Cross Has Been Going Up Recently As pointed out by an analyst in a CryptoQuant post, the most recent touch of this zone led to a drop in the price…
During the past week, the price of XRP has suffered significant losses due to a powerful selling wave. While the one-day chart reflects a 3% increase, the weekly chart shows a decline of over 12%. Buyers have faced resistance in the $0.45-$0.46 range and the technical outlook for XRP indicates a selling trend. The demand…
The Bitcoin price regained the $29,000 mark today for the first time since last Thursday. The decisive impulse was provided yesterday by the news that with First Republic Bank the next big bank in the US is about to be seized by the US Federal Reserve and FDIC. As was the case after the collapse…
Bitcoin price is correcting higher from the $27,000 support. BTC must clear $29,000 to continue higher in the near term. Bitcoin formed a base and corrected higher above the $27,500 resistance. The price is trading above $27,800 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with…
The Bitcoin market may be close to a decision point as on-chain data shows the Adjusted Spent Output Profit Ratio (aSOPR) is retesting the 1.0 level. Bitcoin aSOPR Has Declined Towards A Value Of 1.0 Recently According to the latest weekly report from Glassnode, the BTC market had shifted towards a profit-dominated regime back in…
The Bitcoin (BTC) price has been trading in a range between $27,000 and $28,000 since Friday last week, with $27,800 currently being the most important resistance level to kick off a move to the upside. As recently as last Tuesday, BTC was trading above $30,000 before plunging more than 10%. However, Wyckoff and Elliott Wave…
Bitcoin price is showing bearish signs below the $28,000 zone. BTC must clear $28,000 to avoid more losses in the coming sessions. Bitcoin struggled to gain pace above the $28,000 resistance zone. The price is trading below $27,800 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance…
Bitcoin, the world’s most well-known cryptocurrency, has been on a wild ride over the past few years, with its price surging to new highs before crashing back down. Despite this, some experts still believe the asset could record new significant highs in a few years to come. At current market prices, Bitcoin has currently decreased…