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Bitcoin (BTC) is in a “transition," which should pave the way to the next bull market top, new research has concluded.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode unveiled its latest tool for tracking Bitcoin’s resurgence.Bitcoin hodlers in "transition"After the 2022 bear market and
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On March 8, addresses linked to the United States government moved 49,000 Bitcoin seized from the Silk Road, worth $1 billion. The transfer was accompanied by Bitcoin’s (BTC) price slipping below $22,000 and a noticeable spike in a key holder metric.But does this mean that traders should brace for potential BTC price volatility
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A Bitcoin (BTC) price indicator has flashed green for just the fourth time ever this week in a major warning to bears.In a tweet on Feb. 16, crypto market analyst Mohit Sorout announced that the Dollar Cost Average (DCA) Indicator was now “suggesting a raging bull market.”DCA breakout last preceded
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A little-known Bitcoin (BTC) price metric has just given a new bull run signal — and it has never been wrong.As noted on Feb. 8 by Caleb Franzen, senior market analyst at Cubic Analytics, the Williams %R oscillator has left its bottom zone for the first time since May 2022.Analyst:
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The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144. The network’s difficulty increased by 4.68%, from 37.59 trillion to an all-time high of 39.35 trillion. Bitcoin Difficulty Reaches New All-Time High as Mining Gets Tougher Bitcoin’s difficulty reached another all-time high, surpassing the record set
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Dogecoin (DOGE) and other altcoins are stealing some of Bitcoin’s shine as the benchmark crypto stalls at its current levels. However, the recent rally could spell trouble for optimistic traders and investors waiting for a continuation of the trend. As of this writing, Dogecoin (DOGE) trades at $0.08 with sideways
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A Bitcoin on-chain indicator is currently forming a pattern that has previously led to significant selloffs of the cryptocurrency. Bitcoin 100-Day SMA Supply Adjusted Dormancy Has Rapidly Gone Up As pointed out by an analyst in a CryptoQuant post, the selloff could potentially be even stronger than the one seen in November
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A quant has explained using past trends of the Bitcoin adjusted Spent Output Profit Ratio (aSOPR) whether the current cycle has yet met all the bottom conditions. Bitcoin aSOPR EMAs Are Approaching Golden Cross As an analyst in a CryptoQuant post explained, the aSOPR EMAs are looking to form a golden cross
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The current Bitcoin cycle might be its “most challenging” one yet if the drawdown in this on-chain metric is anything to go by. Total Amount Held By 1k-10k BTC Value Band Has Sharply Gone Down Recently As pointed out by an analyst in a CryptoQuant post, the latest drawdown in the holdings
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The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren’t many Bitcoin holders selling anymore. Stablecoin Redeem Count Has Remained Low Recently As pointed out by an analyst in a CryptoQuant post, large stablecoin redemptions have usually accompanied major declines in the Bitcoin price during this
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