BTC's address growth offers long-term hope in light of this crucial formation

2023-9-9 03:30

Assessing the possibility of sell pressure resurgence as Bitcoin forms death cross. Bitcoin whales have been contributing to BTC’s dormancy and downside but have recently eased off sell pressThe post BTC's address growth offers long-term hope in light of this crucial formation appeared first on AMBCrypto.

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Источник: ambcrypto.com

btc formation → Результатов: 104


Brace For Impact: Bitcoin MVRV Triple Ribbon Again Forms Bearish Cross

On-chain data shows the Bitcoin MVRV triple ribbon has once again formed a signal that has lead to an average of 30% decline during previous instances this year. Bitcoin MVRV Triple Ribbon Shows Bearish Signal Formation As pointed out by an analyst in a CryptoQuant post, the latest trend in the BTC MVRV triple ribbon may suggest the crypto will observe another local drawdown soon.

2022-8-23 22:00


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The Countdown is on: Bitcoin has 3 Days Before It Reaches Apex of Key Formation

Bitcoin is seeing relatively lackluster price action today, with it consolidating within the mid-$30,000 region as altcoins all explode higher Where the entire market trends in the mid-term should depend largely on whether or not Bitcoin bulls can establish $37,000 as support The crypto has tested this level on a few occasions overnight, and it has been holding strong One analyst is now noting that BTC is likely to range for the coming few days […]

2021-1-17 00:00


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Bitcoin Reaches Critical Level as Bulls Attempt to Spark Fresh Uptrend

Bitcoin’s price has been stuck within a macro consolidation phase for the past several months This consolidation has led to the formation of a trading range between $10,000 and $12,400, with bulls and bears with being unable to break above or below either of these levels One analyst is now noting that data seems to suggest that BTC is currently trading at a pivotal level for its future Although $20,000 is often looked upon as […]

2020-10-19 01:00


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Bitcoin’s Cloud Pattern Shows Bears May Still Be in Full Control

Bitcoin and the entire cryptocurrency market are currently bearing witness to relatively mixed price action While BTC has faced some intense selling pressure, it is important to note that bears have not invalidated any of its mid-term market structures As such, it remains well-positioned to see further near-term upside Despite this, one analyst is noting that the cryptocurrency’s cloud formation may spell some trouble for its near-term outlook, as it shows that it is still […]

2020-8-21 02:00


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Bitcoin Analysts Eye Move to $7,000 Region as Support Begins Dissolving

Bitcoin has faced some mounting downwards pressure today that has led it to its key support within the lower-$9,000 region This downtrend comes after a series of strong rejections at $10,000, and was triggered by news of a 2009 BTC wallet moving crypto around This decline has led the crypto to invalidate a previously bullish technical formation, and analysts are now expecting it to see further downside in the days ahead Bitcoin is rapidly approaching […]

2020-5-22 02:00


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Bitcoin’s Outlook is Bright as It Trades Above Key Cloud Formation

Bitcoin appears to have entered a firm consolidation phase within the mid-$9,000 region following the latest rejection at $10,000 In spite of the signs of weakness that BTC has flashed throughout the past several days, it is important to keep in mind that it has sustained above multiple key technical levels It now appears that the cryptocurrency could be well positioned to see further upside, but there is one key resistance level that must be […]

2020-5-17 22:00


Analyst: this dire technical formation may spell doom for Bitcoin’s near-term price action

The 2020 Bitcoin rally was fun while it lasted, but the cryptocurrency recently formed a much-dreaded technical formation that may signal that BTC will see further near-term downside. This technical formation – which is accurately described by analysts as a “death cross” – comes about after an asset’s 50-day moving average crosses beneath its 200-day […] The post Analyst: this dire technical formation may spell doom for Bitcoin’s near-term price action appeared first on CryptoSlate.

2020-1-24 22:19


Bitcoin Just Rejected $8,900 in a Short-Term Top Structure: Traders Fear Bear Trend Isn’t Over

The bitcoin price rose to as high as $8,916 across major cryptocurrency exchanges like BitMEX and Binance on January 15. Since then, BTC fell by three percent in a typical short-term top formation. Lower time frames indicate a double top structure, which normally suggests that the asset tried to break above a key resistance level... The post appeared first on NewsBTC.

2020-1-16 13:28


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Why Bitcoin’s bull run is not over yet, according to key signals

The Puell Multiple needs to rise at least three times more before Bitcoin can hit the top. On-chain data, backed by the MVRV difference, indicated that BTC might surpass $85,000. Bar the recThe post Why Bitcoin’s bull run is not over yet, according to key signals appeared first on AMBCrypto.

Bitcoin repeats THIS historical pattern: Is a bull rally coming?

Bitcoin saw a sharp rally in early May. The drop below the SSR oscillator bands was seen then- but will we see an extended rally hereon? Bitcoin [BTC] was trading at $67k at press time and tThe post Bitcoin repeats THIS historical pattern: Is a bull rally coming? appeared first on AMBCrypto.

Large Bitcoin wallets reach pre-FTX levels - What it means for BTC

Addresses holding 1,000 or more have added more BTCs in the last four months. BTC maintained the bear trend with its current price trend. Bitcoin [BTC] has recently seen a rise in its price The post Large Bitcoin wallets reach pre-FTX levels - What it means for BTC appeared first on AMBCrypto.

Bitcoin climbs above $67K: Will BTC cross $100K this time?

Bitcoin’s price has increased by more than 10% in the last seven days.  BTC was testing resistance, and a breakout could start another bull rally.  Bitcoin [BTC] surprised investors lastThe post Bitcoin climbs above $67K: Will BTC cross $100K this time? appeared first on AMBCrypto.

BTC ETFs: Grayscale GBTC inflows near $1B in 1 week, analyst says...

Institutional interest in Bitcoin grows, adding liquidity despite Grayscale's recent high-fee withdrawals. Retail investors accumulate Bitcoin, enhancing decentralization, while whales show lesThe post BTC ETFs: Grayscale GBTC inflows near $1B in 1 week, analyst says... appeared first on AMBCrypto.

Decoding Bitcoin's recent price surge: This group leads the way

Short-term holders began to accumulate large amounts of BTC. Whale accumulation of BTC slowed down. Bitcoin [BTC] witnessed a massive bump in price over the last few days, causing a surge inThe post Decoding Bitcoin's recent price surge: This group leads the way appeared first on AMBCrypto.