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Bitcoin may have dropped hugely after setting a yearly high near $10,500, but the small bump has not deterred it from pursuing a significant bull run towards $26,000.That is possible, according to Mayer Multiple (MM) – a popular metric that assists traders in identifying speculative bubbles and bearish exhaustion in
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Crypto enthusiasts are still divided on whether the halving is already priced in. Google Trends data reveal that the search term “bitcoin halving” is gaining traction. Analysts believe that bitcoin will soar after the halving generates media hype. The highly-anticipated bitcoin halving is months away and many traders are still undecided whether the
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Over the past 60 days, Bitcoin has found itself rocketing higher, rallying from a low of $6,400 to a local top of $10,500 in the span of two months.Related Reading: Ethereum Explodes 15% Higher to $250 in 1 Day: Are More Gains Imminent?Bitcoin’s Booming Open Interest May Set Stage for
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Bitcoin likely carved out a major price bottom in December, according to a non-price metric, which has proved to be a reliable price indicator in the past. The leading cryptocurrency is currently trading above $7,700, having hit eight-month lows below $6,500 in mid-December. While the bounce is encouraging, the cryptocurrency remains
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Based on the number of unique addresses created daily, which indicates the rate of growth of Ethereum, the network is demonstrating mid-2019 levels. Yet, the price of ETH is down by nearly two-fold since then.In June 2019, the price of Ethereum was hovering at around $300. And at the time,
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Bitcoin Dying? This Bullish Metric Just Notched a New All-Time HighX Dear reader, some third-party applications like Twitter, Youtube, Google, and our comment function are utilizing cookies. By rejecting this cookie consent, you might not be able to read the full article due to embeds.Privacy Policy Accept RejectPrivacy & Cookies
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