Bitcoin bull run next? Bitfinex stablecoin ratio ‘blows up’ in 2023

Bitcoin bull run next? Bitfinex stablecoin ratio ‘blows up’ in 2023
фото показано с : cointelegraph.com

2023-7-27 11:24

A “major leading indicator” for Bitcoin is pointing the way toward a classic repeat of bullish BTC price phases, analysis says.

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Bitcoin (BTC) на Currencies.ru

$ 70718.94 (+0.38%)
Объем 24H $33.404b
Изменеия 24h: 2.44 %, 7d: 3.41 %
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bitcoin pointing way leading indicator toward classic

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Two On-Chain Indicators Show Strong Signs Of BTC $29k Price Despite Slight Drop

Bitcoin (BTC) has had a wild run this year after recording over 72% growth over the past months with several indicators pointing upward despite slight price corrections.  The price of BTC was riddled with a little over 10% price fluctuations between $27,000 and $30,000 from April 25 to May 1. On a much positive front, […]

2023-5-8 20:12


Two Months Of Extreme Fear Leaves Crypto In Panic, Bitcoin At $20K

Data shows the crypto market has been observing extreme fear for two months now, leaving investors in panic as Bitcoin has crashed to $20k. Crypto Fear And Greed Index Is Still Pointing To “Extreme Fear” As per the latest weekly report from Arcane Research, the cryptocurrency market has now been facing extreme fear for two months now, the longest streak in history.

2022-6-22 22:00


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Bitcoin will explode ‘north’ the moment the Fed glitches, says Novogratz

Bitcoin price will rally hard the moment the US Federal Reserve begins to dial down on its aggressive monetary approach, Mike Novogratz, the CEO of Galaxy Digital said on Tuesday. His comments come as the Fed begins its June meeting, with a 50 basis point rate hike on the table, but with market analysts pointing […] The post Bitcoin will explode ‘north’ the moment the Fed glitches, says Novogratz appeared first on Invezz.

2022-6-15 19:24


Quant Explains How Bitcoin Funding Rate Predicted The Latest Top

A quant has explained how the Bitcoin funding rate (72 hour) may be able to correctly signal tops and bottoms in the price of the crypto. Bitcoin Funding Rate May Be Able To Indicate Tops And Bottoms In The Market As explained by an analyst in a CryptoQuant post, the 72-hour version of the funding rate looks to have been effective at pointing out tops and bottoms in the BTC market.

2022-4-8 22:00


Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?

As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections in the past, but will the trend be similar this time? Bitcoin Fear And Greed Index Starts Pointing At Extreme Greed As per the latest weekly report from Arcane Research, the fear and greed index is now pointing at extreme greed as BTC makes a new ATH.

2021-11-10 22:00


Stablecoin Supply Rising, Diminishing Bitcoin Reserves Ready To Fuel Next Leg Up

Bitcoin price is back in the mid-$50,000 range, unable to push any lower despite bears best efforts and overheated technical indicators pointing to a potential trend reversal. However, several fundamental factors are proving to be too strong, and are setting the stage for the next leg up in the ongoing cryptocurrency bull trend instead. Here’s […]

2021-3-25 23:00


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The Many Facts Pointing to Cypherpunk Len Sassaman Being Satoshi Nakamoto

Satoshi Nakamoto, the creator of Bitcoin, has always been a mysterious character and a great number of sleuths have made it their mission to discover the inventor’s identity. One particular theory was published this month which attempts to tether the well known and now deceased, Len Sassaman to the creation of the first cryptocurrency. Moreover, […]

2021-3-5 07:30


Bitcoin Explodes Above $44K After Tesla Buys BTC: What’s Next?

Bitcoin exploded to a new record high on Monday after Tesla revealed that it had purchased around $1.5 billion worth of the cryptocurrency in January. The flagship cryptocurrency reached $44,900 ahead of the New York opening bell, pointing to extended gains as traders rejoiced the entry of the Wall Street’s fifth-largest firm into the cryptocurrency […]

2021-2-9 17:58


Fractal Suggests Ethereum has Room to Fall Before Bulls Can Spark Next Uptrend

Ethereum has seen some notable momentum in recent days that has allowed its price to set fresh all-time highs Each break above its previous all-time highs around $1,450 has been fleeting, however, which is a grave sign that could mean downside is imminent For now, ETH’s price action remains firmly correlated to that of Bitcoin, with the benchmark cryptocurrency seeing some turbulence that has shaken its market structure One analyst is now pointing to a […]

2021-1-27 23:00


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Ethereum is Gearing Up for a Massive Breakout; Here’s How High It May Surge

Ethereum has been seriously underperforming Bitcoin over the past few weeks, which comes as most altcoins lose significant value against BTC ETH has seen a few sharp rises that have helped it to buck this trend and gain some ground against BTC However, it has still been generally unable to keep up with Bitcoin’s massive momentum This trend may not last for long, however, as one analyst is now pointing to a few factors that […]

2020-12-31 01:00


Bitcoin Forms Parabolic Trendline, But Veteran Trader Eyes Potential Correction

Bitcoin and the entire cryptocurrency market have been caught within a parabolic advance as of late, with BTC leading the charge as altcoins follow its lead Where the cryptocurrency trends next will undoubtedly depend on whether or not bulls can maintain control of its price action as it approaches $30,000 This rally is nothing short of parabolic, with Bitcoin tapping a half a trillion-dollar market cap yesterday evening One veteran trader is now pointing to […]

2020-12-29 22:00


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Bitcoin Rallies Towards $24,000 as Market-Wide Uptrend Continues

Bitcoin saw a massive surge higher earlier today that allowed it to break above $24,000 for the first time Where the aggregated crypto market trends in the mid-term may depend largely on whether or not buyers can flip $24,000 into a support level It does appear that the selling pressure just above here is quite intense and may cause it to see continued weakness One trader is now pointing to the resistance just above where […]

2020-12-20 21:09


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Bitcoin Breaks Below Key Bullish Trendline as Analysts Eye Move to $18,400

Bitcoin has been showing some serious signs of strength throughout the past few days and weeks Bulls have been in full control of the cryptocurrency’s price action, but are starting to lose their edge over bears as the crypto drifts lower Where it trends in the mid-term will depend largely on whether or not buyers can defend against a break below $18,600 One trader is pointing to this as the first key support level it […]

2020-12-9 21:00


The Most Profitable Buy Signal In Bitcoin Is About To Trigger Despite Distance From ATH

Bitcoin price this week set a new all-time high price record, taking the leading cryptocurrency by market cap to right below $20,000 before a minor pullback began. And while there is always a possibility that the asset could see a stronger correction given how overheated it is and how profitable the year of 2020 has been, one indicator is pointing to significant upside from here instead.

2020-12-2 18:00


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Ethereum Could Soon Rally Up to 180% Against BTC as Strength Mounts

Ethereum and Bitcoin have both seen significant declines against their USD trading pairs today This came about after the benchmark cryptocurrency raced to all-time highs and posted a rejection at this level, pointing to underlying weakness amongst bulls ETH’s BTC trading pair, however, has remained stable, as the two digital assets moved lower in tandem This is a positive thing for Ethereum, as one analyst is noting that ETH/BTC’s current strength indicates that this trading […]

2020-12-2 23:00