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New Metric Suggests Imminent Volatility for Bitcoin

Bitcoin’s characteristically high volatility could return soon, giving exhausted traders an end to months of abnormally calm price action. A new metric for on-chain activity makes this prediction by measuring exchange volumes and on-chain transaction volume together to derive a signal for inflection points in bitcoin volatility. Published to popular charting

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Bitcoin Could be Following Gold’s Price, Signaling a Breakout is Imminent

Bitcoin’s multi-month consolidation phase has caused its correlation with other assets to degrade, leaving investors to question where it might trend next.One analyst is now floating the possibility that the cryptocurrency’s price is currently lagging just behind that of gold.He points to a potential accumulation pattern that could confirm this

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Bitcoin Price Poised for ‘Imminent’ Breakout As Network Hashrate Hits Record Highs

The price of bitcoin could see an ‘imminent’ breakout, according to the latest Glassnode data.The data firm says bitcoin (BTC) has been flashing bullish for the past six weeks amid positive onchain activity.Meanwhile, the BTC network hashrate has continued to grow, with the seven-day average reaching 123.4 exahash per

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