PlanB, the popularizer of the Bitcoin stock-to-flow (S2F) model, says the current bull run still has a second leg remaining. PlanB “Awaiting” The Second Leg Of This Bitcoin Bull Market According to PlanB on Twitter, the S2F and S2FX models predict a second leg in the current bull run that will bring new highs for…
Bitcoin has broken out of the range it traded for months and seems well on its way to reclaiming previous highs. Indicators have been turning decisively bullish, as short positions get liquidated with every new level taken by the bulls. At the time of writing, BTC trades at $45,858 with a 2.6% and 14.8% profit…
Bitcoin price continues to see massive gains as the price sees massive recovery in the past weeks. Prices surged this past week which saw the digital asset beating prices that had not been reached since the price crash following the all-time high. Bitcoin had spent months in a rut, as dip after dip saw the…
Bitcoin price started a fresh increase above the $40,000 resistance zone against the US Dollar. BTC tested the $45,000 resistance zone before it started a downside correction. Bitcoin gained traction above the $40,000 and $43,500 resistance levels. The price is now trading above $42,000 and the 100 hourly simple moving average. There was a break…
Bitcoin accumulation patterns continue to point to the fact that the recent rally might not be ending anytime soon. Investors have continued to hoard assets as the volume of bitcoins sent to exchanges to be sold off or traded falls below the accumulation rate. Outflows from exchanges have continued to exceed inflows into exchanges. Signaling…
Bitcoin price has made a decent recovery from the lows put in around $28,888 and the yearly open, but still has ways to go to catch up the all-time highs. A buy signal could trigger just days from now, according to the creator of the tool – crypto expert and founder of Capriole Investments Charles…
The Bitcoin fund flow ratio for all exchanges is on a decline, while BTC transactions are rising. This could suggest a bull market is ahead. Bitcoin Fund Flow Ratio For All Exchanges Goes Down As pointed out by a CryptoQuant post, the BTC fund flow ratio for all exchanges seems to be on a downwards…
Bitcoin price is currently flirting with a downward trend line that thus far has capped off any further upside. It is also what led to the sizable drop and historic quarterly close. Because all eyes are likely on this major trend line preventing the top cryptocurrency from further new highs, any reaction at this level…
Bitcoin trading has always seen high adoption in countries with currencies that are depreciating fast. The West African country of Nigeria has always been at the forefront of BTC adoption in the region. A combination of a large youth population, the growing popularity of tech, and a fast depreciating currency have seen citizens of the…
Bitcoin price started a fresh increase above the $38,500 resistance zone against the US Dollar. BTC even broke $40,000 and it is now correcting gains. Bitcoin gained traction above the $38,500 and $39,500 resistance levels. The price is now trading above $40,000 and the 100 hourly simple moving average. There was a break above a…