Bitcoin adoption metrics across the board “look awful”, claims a BTC fundamental expert on Twitter. BTC Adoption Metrics Seem To Be Down A BTC fundamental expert on Twitter claims that Bitcoin adoption metrics “look awful”, citing a few charts highlighting the important trends. There are three relevant graphs here that the expert has pointed out,…
Bitcoin price is slowly moving lower and it is trading well below $33,500 against the US Dollar. BTC remains at a risk of a larger decline if it breaks the $32,000 support zone. Bitcoin is struggling to recover and it is trading well below $33,500 and $33,000. The price is now trading near $32,200, but…
Markets are cyclical, and move in a variety of patterns that can often give insight into what phase of a market cycle an asset like Bitcoin might be in. But could time also play an important factor as to when market cycles come to the climax? Evidence suggests that the crypto market is especially sensitive…
Bitcoin’s second layer payment protocol Lightning Network has been expanding unnoticed by most users. First proposed in 2015 and launched in 2018 as a beta, its adoption and capacity have accelerated during the past few months. The Lightning Network allows users to send fast and low-cost transactions via payment channels. Unlike the Bitcoin-based layer, lightning…
Bitcoin could retest the lows of its current range as its price trends to the downside. At the time of writing, BTC’s trades at $32,277 with a 2.3% loss in the daily chart. Investors and traders wonder if these levels will hold as bulls seem to lack conviction in lower timeframes. BTC trends downwards in…
Bitcoin price failed to clear the $35,000 resistance and started a fresh decline against the US Dollar. BTC remains at a risk of a larger decline as long as it is below $34,000. Bitcoin failed to extend gains above $34,650 and it started a fresh decline below $34,000. The price is now trading below the…
Bitcoin price continues to sink, and when it isn’t falling its barely able to move sideways, with “up only” the one direction the cryptocurrency won’t go. Whether or not the crypto market is headed toward another bear market or not is debatable for now, but technical analysis suggests that when the peak of this cycle…
The Bitcoin all exchanges whale ratio has soared, which might be an indicator that a crash could be coming soon, based on past patterns. The All Exchanges Whale Ratio Soars As pointed out by a CryptoQuant post, the Bitcoin All Exchanges Whale Ratio had a sharp spike on Sunday. The BTC All Exchanges Whale Ratio…
Bitcoin price has been trapped in a tightening trading range and has barely moved in weeks. The top cryptocurrency by market cap has been boring compared to its characteristically volatile self. Looking back at the asset’s historic volatility, a fractal pattern could be forming that suggests the price per BTC is about to blast off…
Bitcoin continues to be stuck in its current range. The first cryptocurrency by market cap has been unable to display clear conviction. The bears have momentum and could go on the offensive soon. At the time of writing, BTC trades at $33,793 with sideways movement across the board. BTC with low volatility in the daily…