Render (RNDR) is one of the biggest gaining coins this week. According to CoinGecko, the token is up 11% in the last 24 hours, and 22% in the last week. With Bitcoin and Ethereum experiencing a strong bullish sentiment, RNDR might experience a bigger upside in the medium to long term. After a tough start…
Bitcoin price saw a couple of wild moves above the $28,500 pivot level. BTC is now rising and showing positive signs above the $28,800 level. Bitcoin climbed sharply and then nosedived to revisit the $27,250 support. The price is trading above $28,000 and the 100 hourly Simple moving average. There is a key bullish trend…
Bitcoin price was trading in the green today, up about $1,500 at the high. The top cryptocurrency by market cap also made another attempt at $30,000 around mid-day. Shortly thereafter, in the span of less than 60 minutes, BTCUSD flash crashed by more than 6%, leaving the marker bewildered. Here is a closer look at…
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…
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…
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…
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 price is trading at around $27,000 per coin after failing to hold above $30,000. Crypto market sentiment would suggest that BTC is already back at lows, ready for a fresh decline. However, if a perfected TD buy setup is an indication, then BTC might have just finished its pullback and is ready to continue…
Bitcoin on-chain indicator Exchange Stablecoin Ratio (ESR) has continued to show bullish divergence recently. Will the price also mimic this? Bitcoin ESR Has Continued To Sharply Ascend In Recent Weeks As explained by an analyst in a CryptoQuant post, the ESR is currently acting as a leading indicator for BTC’s price. A relevant metric here…