Bitcoin ‘Active Entities’ at Highest Since 2017 Bull Run
The on-chain metric suggests Bitcoin is garnering users despite the cryptocurrency’s extended period of comatose price action. Source
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This Unexpected Signal Indicates Bitcoin Is About to See a Bull Trend
Bitcoin’s price action has been extremely boring over the past two months, with the leading cryptocurrency trading in a historically small range. Bulls, however, may soon get a boost as the premium between the Bitcoin spot market and the implied price of BTC determined by Grayscale investors has shrunk. Related Reading: Crypto Tidbits:
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Bitcoin to See One Final Downtrend Before Bull Run Begins
Bitcoin’s intense consolidation phase may soon draw to a close, as multiple technical patterns are now suggesting that some massive volatility is imminent. This potential trend-defining movement comes after months of range-bound trading between $9,000 and $10,000. Throughout the past few weeks, this trading range has narrowed to between $9,000 and $9,300,
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Crucial On-Chain Metric Signals a Bitcoin Bull Run May Be Drawing Near
As the price of Bitcoin has risen and more individuals have entered the space, an increasing number of BTC has been held in exchange addresses. This trend is likely a byproduct of the arrival of less-technically inclined investors, coupled with the rise of altcoins. Fortunately for bulls, data shows that the
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Bitcoin Historical Volatility Approaching Zero Could Signal Blossoming Bull Trend
The cryptocurrency known for its wild volatility, Bitcoin, has been trading sideways for several months in a tightening trading range. Historical volatility is approaching zero, for less than the tenth time in the asset’s decade long history. In the past, this low of volatility proceeds a major move and trend change.
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Bitcoin’s Historical Positioning Suggests an Intense Bull Trend is Looming
Bitcoin’s price action in recent times has been lackluster, providing investors and analysts alike with little insight into the state of its macro trend. This ongoing sideways trading may not be unprecedented, however, as a look at the cryptocurrency’s historical post-halving price action suggests that this may simply be one of
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Bitcoin Bull Peter Brandt: 99% of Altcoins Will Eventually Fall Towards $0
Over the past few weeks, the focus has gone from Bitcoin to altcoins. This is for good reason: due to a confluence of fundamental and technical trends, countless altcoins have seen explosive breakouts that have brought them dozens or hundreds of percent higher. Take the example of Chainlink (LINK), which is up
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84% of Crypto Twitter Is Buying or Holding Bitcoin, Boosting Bull Case
There have been many analysts over recent weeks arguing that Bitcoin is clearly at a market top. As NewsBTC covered two weeks ago, one trader commented that the cryptocurrency is trading in line with a textbook “distribution” pattern.“A couple more clues developing that lend themselves to HTF distribution. 1. Rising
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Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin
The billionaire investor Michael Novogratz recently detailed in an interview that he thinks global investors should hold more gold in their portfolios and own less bitcoin. Novogratz’s statements follow his recent advice last month when he said investors should “watch gold and bitcoin.”Michael Novogratz is a well known investor
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Once-a-Cycle Bitcoin Bull Signal Just Appeared for the 1st Time Since 2016
Over the past few weeks, many analysts have questioned if Bitcoin is really on the verge of a bull market.After a strong rally in March, April, and May, the cryptocurrency sustained a heavy rejection at $10,500 at the start of June. Bitcoin’s inability to cross $10,500 has been seen as
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