Bitcoin: Assessing the chances of a BTC trend reversal

2024-1-7 06:30

The Bitcoin range formation of the past month remained in play. The on-chain metrics showed investors need not worry about a downtrend yet. Bitcoin [BTC] saw a large amount of volatility on The post Bitcoin: Assessing the chances of a BTC trend reversal appeared first on AMBCrypto.

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Bitcoin (BTC) на Currencies.ru

$ 97689.92 (+0.10%)
Объем 24H $92.063b
Изменеия 24h: 4.63 %, 7d: 7.21 %
Cегодня L: $94006.77 - H: $97689.92
Капитализация $1932.832b Rank 1
Цена в час новости $ 43997.27 (122.04%)

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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

2024-10-6 07:00