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On-Chain Data Suggests Bitcoin Price Trend Reversal Is Yet To Occur — What’s Happening?

Bitcoin

The price of Bitcoin (BTC) ended the week on a good note after making a late rally on Friday, September 13. This recent price upswing has led to talks about the Bitcoin price making a comeback following a horrendous start to September. Interestingly, the latest on-chain data suggests that the ongoing price recovery might not…

On-Chain Data Suggests Bitcoin Price Trend Reversal Is Yet To Occur — What’s Happening? Read More »

Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst

Bitcoin News

The crypto market has recently seen some ups and downs, with Bitcoin facing many fluctuations. According to a recent post by a CryptoQuant analyst known as ‘Kripto Mevsimi,’ the Bitcoin Market Value to Realized Value (MVRV) ratio has dipped below its 365-day moving average. This specific indicator often identifies potential market bottoms and zones where…

Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst Read More »

Bitcoin’s Momentum Builds, But Reclaiming $60,000 is Crucial, Says Analyst

Bitcoin News

Bitcoin continues to show volatility in the market, with bulls slowly gaining momentum, but key resistance levels remain a challenge. $90,000 Is In Play, But This First Renowned crypto analyst Captain Faibik recently shared his bullish outlook for Bitcoin, forecasting that the asset could touch $68,000 by the end of this month if it successfully…

Bitcoin’s Momentum Builds, But Reclaiming $60,000 is Crucial, Says Analyst Read More »

Bitcoin Sentiment Spikes After Mild Price Jump: Crowd Too Excited Too Quickly?

Bitcoin News

Data shows that the positive sentiment around Bitcoin has spiked on social media after BTC’s return above $58,000, implying investors may feel FOMO. Bitcoin Positive Vs. Negative Sentiment Ratio Has Spiked Recently According to data from the analytics firm Santiment, the crowd has recently shown a sudden burst of optimism around Bitcoin. The indicator of…

Bitcoin Sentiment Spikes After Mild Price Jump: Crowd Too Excited Too Quickly? Read More »

Bitcoin On-Chain Health Remains ‘Net Positive’: ARK Invest Report

Bitcoin News

Although Bitcoin (BTC) on-chain health remains net positive, from a price perspective two crucial support levels must be maintained for a continued bullish uptrend, notes ARK Invest in its latest monthly report. Bitcoin’s Healthy On-Chain Metrics, What Does It Mean? In its report, ARK Invest posits that Bitcoin requires some upside if its market structure…

Bitcoin On-Chain Health Remains ‘Net Positive’: ARK Invest Report Read More »

BlackRock Calls Bitcoin ‘Hedge Against Global Disorder’, Analyst Sets $600,000 Target

Bitcoin

BlackRock, the prominent American multinational investment management corporation, has once again emphasized the enduring belief surrounding the Bitcoin potential as a strategic asset. In a recent statement, the firm reiterated a school of thought that has been gaining momentum within the financial world for years. According to the investment company, BTC is a good tool…

BlackRock Calls Bitcoin ‘Hedge Against Global Disorder’, Analyst Sets $600,000 Target Read More »

Time To Convert Bitcoin To Ethereum? ETH/BTC Charts Gears Up For 180% Surge

Bitcoin

Crypto investors may need to start paying attention to Ethereum (ETH), as the cryptocurrency’s price could be gearing up for a major rally against Bitcoin. A crypto analyst predicts a potential 180% surge in the ETH/BTC trading pair, signaling that now might be an opportune time for investors to consider converting their BTC holdings to…

Time To Convert Bitcoin To Ethereum? ETH/BTC Charts Gears Up For 180% Surge Read More »

MicroStrategy’s Largest Bitcoin Order Since 2021: Purchases Additional $1.1 Billion

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Business intelligence company MicroStrategy has made big headlines again with its latest acquisition of 18,300 Bitcoin, valued at approximately $1.11 billion.  The purchase, the largest by the company in over three years, was disclosed in a recent filing with the US Securities and Exchange Commission (SEC), which took place between August 6 and September 12,…

MicroStrategy’s Largest Bitcoin Order Since 2021: Purchases Additional $1.1 Billion Read More »

Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory

Bitcoin News

On-chain data shows the Bitcoin Puell Multiple has recently declined into the historical bottom zone as BTC’s continued consolidation. Bitcoin Puell Multiple Is Now Under The 0.4 Level As an analyst in a CryptoQuant Quicktake Puell Multiple” here refers to a popular on-chain indicator that keeps track of the ratio between the daily Bitcoin miner revenue and…

Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory Read More »

Bitcoin Price Set For Major Breakout? Coinbase Premium Signals Imminent Move

Bitcoin News

Recent analysis from CryptoQuant highlights that Bitcoin price may soon undergo a significant move, according to an indicator known as the Coinbase Premium. A CryptoQuant analyst under the pseudonym ‘Avocado Onchain’ noted earlier today that the Coinbase Premium, which measures the price gap between Bitcoin on Coinbase and Binance, is showing signs of convergence. The…

Bitcoin Price Set For Major Breakout? Coinbase Premium Signals Imminent Move Read More »

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