3 reasons why Bitcoin can rally back to $60K despite erasing last week's gains

3 reasons why Bitcoin can rally back to $60K despite erasing last week's gains
фото показано с : cointelegraph.com

2022-3-8 16:26

Several technical and on-chain indicators are flashing bullish despite the BTC price pullback below $40,000.

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despite on-chain indicators technical several flashing bullish

despite on-chain → Результатов: 126


Data Shows Bitcoin Top Buyers Already Capitulated, New Bull Rally Here?

On-chain data suggests Bitcoin buyers who entered at the top may have already capitulated. Last time such a trend happened was back in July 2021, following which a new bull rally occurred. Lackluster Bitcoin Sell-Off Recently May Suggest Top Buyers Have Already Capitulated As per the latest weekly report from Glassnode, there hasn’t been any significant loss realization recently despite world-changing events taking place this week.

2022-3-2 22:00


Despite Struggling Price, Bitcoin Exchange Reserve Hits Lowest Value Since Sept 2018

Despite the recent struggling Bitcoin price, on-chain data shows the exchange reserve has just hit the lowest value since September 2018. Bitcoin Exchange Reserve Declines To Lows Not Seen Since Sept 2018 As pointed out by an analyst in a CryptoQuant post, the BTC exchange reserve has observed further decline recently, reaching the lowest values in more than 3.

2022-3-1 22:00


Bitcoin Open Interest Continues To Rise, Short Squeeze Incoming?

On-chain data shows Bitcoin open interest and estimated leverage ratio metrics have continued to rise recently. This could mean that a short squeeze may be coming soon. Bitcoin Open Interest Rises Despite Decline In Price As pointed out by an analyst in a CryptoQuant post, the BTC open interest has shown uptrend over the past month, despite the price of the crypto moving down.

2022-1-11 22:00


This Bitcoin on-chain analyst says retail hasn’t “bought the dip this hard” since the Covid crash

While the Bitcoin price continues to stubbornly move sideways, market watchers are wondering how the year will end–is there time for another rally or will the support at $46.000 cave? Despite the tight trading range over the past two weeks, popular Bitcoin on-chain analyst Willy Woo pointed out indicators that are showing no signs of […] The post This Bitcoin on-chain analyst says retail hasn’t “bought the dip this hard” since the Covid crash appeared first on CryptoSlate.

2021-12-16 11:00


On-Chain Data Shows Bitcoin Miners Continue To Accumulate

On-chain data shows Bitcoin miners are still in the process of accumulation, despite the crypto recently reaching new all-time highs (ATHs). Bitcoin Miners Continue Their Accumulation As pointed out by an analyst in a CryptoQuant post, BTC miner reserves have continued the trend up recently, despite the coin hitting new ATHs. The “miner reserves” is […]

2021-10-26 22:00


On-Chain Data Shows Bitcoin Investors Don’t Want To Sell At This Level

According to on-chain data, Bitcoin SOPR is still assuming flat values, indicating that investors are likely to not be willing to sell at this level. Bitcoin SOPR Stagnates, Despite Huge Rise In The Crypto’s Price As per a post from CryptoQuant, while Bitcoin’s price shows a sharp improvement as the coin reaches $55k for the first time since May, the SOPR is still showing a flattened line.

2021-10-8 22:00


Bitcoin On-Chain Activity Lags Behind Price Action, But Why?

Data reveals that while Bitcoin’s price is shooting up, the on-chain activity hasn’t improved much in the past week. What could be the reason behind this behavior? Bitcoin Breaks $50k, But Activity Lags Behind As per this week’s edition of the Arcane Research report, on-chain activity seems to be slow to recover despite the price of the cryptocurrency jumping high.

2021-8-24 22:00


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Why Whales’ Movements Have Yet to Fully Reflect on Bitcoin’s Price Action

It is valid to be confused by the pace at which Bitcoin’s price is accelerating, despite whale activities intensifying over the past months. While it’s commendable that Bitcoin’s price has doubled since entering the new year, concerns as to why whale movements aren’t reflecting entirely on Bitcoin’s value are valid. For clarification, an on-chain intern […]

2021-3-29 20:06


This On-Chain Trend Suggests Bulls are About to Regain Control Over Bitcoin

Bulls have been struggling to gain decisive control of Bitcoin throughout the past few days and weeks This has resulted in it being quite heavy, with each rally being aggressively sold into as bears aim to push it back down to $30,000 Despite this, the crypto has been able to hold strong within the lower-$30,000 region, and every dip below $30k has been met with massive buy-side support There’s a possibility that this support is […]

2021-2-2 21:00


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Эксперты Glassnode выявили признаки завершения коррекции биткоина

Аналитики Glassnode на основе двух ончейн-метрик спрогнозировали завершение коррекции и формирование нового восходящего импульса цены биткоина. Despite briefly dropping below $30k over the past week, on-chain fundamentals for $BTC remain strong, indicating room for further growth.

2021-1-26 15:52