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Bitcoin (BTC) faces a sink-or-swim resistance test to confirm its "macro breakout," new analysis says.In a tweet on Feb. 2, on-chain monitoring resource Material Indicators flagged key levels to flip to support after BTC/USD spiked above $24,000.Bitcoin price gears up for trend line showdownIn what was ultimately a boon for
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The global cryptocurrency market cap is currently down by 1.61%, but LINK holds its gains on the weekly chart. With institutional investors and whales engaged in trading activities, the crypto market is experiencing a revival. Chainlink has enjoyed a resurgence this week with an increase in its price and trading volume.
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Bitcoin (BTC) shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators.Bitcoin price exits descending channel rangeFirst, Bitcoin's potential to hit $25,000 comes from its exit from a prevailing descending channel range.A bull run or bull trap?—
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Bitcoin (BTC) fell at the Dec. 22 Wall Street open as United States equities reversed previous gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin risks new and unseen "death crossData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to intraday lows of $16,650 on Bitstamp. The pair remained a conspicuous
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On-chain data shows the Bitcoin MVRV Ratio Triple Ribbon is approaching a bearish cross, a sign that a correction could be coming soon for the crypto’s price. Bitcoin MVRV Ratio Triple Ribbon Is Close To Bearish Crossover As pointed out by an analyst in a CryptoQuant post, the MVRV ratio warns that
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Data shows the Bitcoin NVT Golden Cross is still in the “overbought” region, a sign that there may be more volatility to come for the cryptocurrency. Bitcoin NVT Golden Cross Continues To Be At A High Value As pointed out by an analyst in a CryptoQuant post, the BTC long-term holders have
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Bitcoin (BTC) failed to break above the $17,250 resistance on Dec. 11 and subsequently faced a 2.2% correction. More importantly, the last daily close above this level was over 30 days ago — reinforcing the thesis of size sellers near the $330 billion market capitalization mark.Curiously, this valuation level is
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On-chain data shows the Bitcoin Hash Ribbon golden cross has failed to provide an uplift to the price for the first time ever. Bitcoin Hash Ribbons Have Recently Formed A Death Cross As pointed out by an analyst in a CryptoQuant post, the BTC Hash Ribbon model has failed for the first
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On-chain data shows the Bitcoin NVT golden cross has now entered into the “sell” zone, something that could be bearish for the price of the crypto. Bitcoin NVT Golden Cross Surges, Now Has A Value Of 2.44 As pointed out by an analyst in a CryptoQuant post, this sell signal might lead
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"Polygon's MATIC could be a core long position," one strategists said. Source
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