Bitcoin’s current landscape echoes mid-2020, CryptoQuant CEO says

2024-5-31 13:37

The head of blockchain analytics firm CryptoQuant Ki Young Ju says the current volatility and on-chain activity resembles the timeframe when Bitcoin was trading at $10,000. According to Ki Young Ju, the current landscape of Bitcoin‘s price development resembles that…

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Èñòî÷íèê: btcmanager.com

current bitcoin → Ðåçóëüòàòîâ: 126


Bitcoin Tumbles Under $7K, More Losses Ahead if Support Fails

Bitcoin has tumbled below $7,000 on Friday, which has surprised many investors. If the current support level at $6,900 doesn’t hold, the chances are that the bearish mood will extend. Bitcoin Slips on Good Friday Most of the traditional markets are closed today in observance of Good Friday, but crypto exchanges don’t experience a significant drop in trading volumes.

2020-4-11 13:33


Ôîòî:

How Bitcoin’s Current Upward Move Compares to Previous Bull Traps

The Bitcoin price has been increasing rapidly since reaching a low on March 13. At the time of writing, BTC is trading a full 94% above the aforementioned low of $3,760. Despite the massive increase, not everyone is convinced that BTC has already reached a bottom, One such individual is cryptocurrency trader @CryptoCapo_, who outlined […] The post How Bitcoin’s Current Upward Move Compares to Previous Bull Traps appeared first on BeInCrypto.

2020-4-10 18:11


Ôîòî:

Ethereum Activity Declines as Focus Shifts to Bitcoin and Macroeconomic Trends

The spike in Ethereum trading volume seen in February has all but disappeared amid the current economic and humanitarian crisis gripping the world. As macroeconomic trends take center stage, much of the cryptocurrency sector has been left in the shadows — a marginal player amid the worsening crisis, Ethereum is no exception.

2020-4-4 21:10


Ôîòî:

Is Bitcoin Moving in an Ascending Triangle or Wedge?

On April 2, the Bitcoin price initiated a very swift upward move, rallying from a low of $6,551 to a high of $7,194. While initially, it seemed that this movement would cause a breakout above the current pattern, the higher prices could not be sustained and BTC reached a close of $6,794, slightly below the […] The post Is Bitcoin Moving in an Ascending Triangle or Wedge? appeared first on BeInCrypto.

2020-4-3 13:45


Ôîòî:

Bitcoin’s Correlation with US Equities ‘Unlikely to Persist’, says Binance Research

Binance Research has published a report that highlights specifics about the effects of the current financial plunge on the world’s financial markets. In the post titled ‘How Has the Recent Market Turmoil Impacted Cryptocurrencies?’, the Binance Research team made a few points about the general performance of the crypto market in the first quarter of […]

2020-4-2 21:55


Bitcoin’s Open Interest and Money Flow Suggests a Strong Pump is Imminent

Following an extended period of rangebound trading within the upper-$6,000 region, Bitcoin now appears to have entered yet another bout of consolidation around its current price of $6,100. Although it remains unclear as to whether or not Bitcoin’s current market structure is bullish or bearish, there are a few fundamental factors that may suggest a...

2020-3-29 20:00


Ôîòî:

‘Utter Horse Manure’; Bitcoin Community Scoffs at WSJ’s Bull Market Claims

After some of the most chaotic weeks of trading in memory, US markets rallied pretty hard for a few days. So hard, in fact, that The Wall Street Journal rushed to declare a new bull market. Given the state of the current global economy, many from the Bitcoin and wider cryptocurrency industry have been quick […] The post ‘Utter Horse Manure’; Bitcoin Community Scoffs at WSJ’s Bull Market Claims appeared first on BeInCrypto.

2020-3-28 14:15


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Bitcoin Hits S2F Threshold: Should You Hold Tight Or Take Profits?

Bitcoin has so far continued to level up in terms of price performance, hitting new highs consistently for the past week. As a result of this, investors seem to be curious about whether it’s time to secure profits or stay bullish for the next leg of the cycle.

Bitcoin mirrors 2020 bull phase, CryptoQuant CEO says

CryptoQuant CEO Ki Young Ju says Bitcoin’s current rally appears to be supported by months of accumulation by whales. Bitcoin’s (BTC) ongoing rally toward the $100,000 mark mirrors the price surge seen in 2020, when the cryptocurrency’s value surged sixfold…