Bitcoin: Why a drop below $50.5K will be bad news

2024-2-25 03:30

BTC’s NVT ratio declined which meant that it was undervalued. A few metrics and market indicators looked bearish on Bitcoin. After crossing the $50,000 mark, Bitcoin’s [BTC] momentum decThe post Bitcoin: Why a drop below $50.

5K will be bad news appeared first on AMBCrypto. .

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Bitcoin (BTC) на Currencies.ru

$ 96359.83 (-1.06%)
Объем 24H $99.063b
Изменеия 24h: 1.58 %, 7d: 9.18 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1906.525b Rank 1
Цена в час новости $ 51506.37 (87.08%)

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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