Why Bitcoin may not be out of the woods just yet

2024-1-24 02:30

The relationship between BTC’s MVRV ratio and 30-day SMA suggested a further price decline.  Market sentiment around Bitcoin remained bearish.  King coin Bitcoin [BTC], falling to the cuThe post Why Bitcoin may not be out of the woods just yet appeared first on AMBCrypto.

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Bitcoin (BTC) на Currencies.ru

$ 98669.62 (-0.16%)
Объем 24H $69.459b
Изменеия 24h: -0.61 %, 7d: 8.26 %
Cегодня L: $98439.13 - H: $99414.82
Капитализация $1952.188b Rank 1
Цена в час новости $ 39745.44 (148.25%)

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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