Tuesday, May 7, 2024
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3 Bitcoin price metrics showing ‘insane’ similarities to 2020 breakout

Bitcoin (BTC) is copying the prelude to its 2020 breakout to an “insane” extent, the co-founders of Glassnode have said.In a tweet on June 15, Yann Allemann and Jan Happel highlighted three BTC price metrics which are anything but bearish.Metrics echo Bitcoin's "major reversals and rallies"BTC/USD reached local highs of

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Security or not, Ether looks poised to hold the $1.8K level based on 3 key metrics

Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support. The SEC’s actions are actually

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Bitcoin reaches ‘decision point’ — 4 BTC price metrics to watch

Bitcoin (BTC) has reached a “decision point” for price action, but speculators are in charge, says a new analysis.In findings uploaded to Twitter on May 26, Checkmate — lead on-chain analyst at Glassnode — revealed a BTC price showdown in the making.Analyst warns Bitcoin bulls “not doing anything”Struggling near key

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Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest

A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics, crypto bulls will have a hard time to break the downtrend, even though analyzing a shorter

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‘One of the greatest’ Bitcoin metrics says BTC price bull run is here

Bitcoin (BTC) is entering a new “speculation cycle” typical of a bull run, new analysis says.In a tweet on May 16, Philip Swift, creator of data resource LookIntoBitcoin and co-founder of trading suite Decentrader, revealed history repeating itself according to the RHODL Ratio metric.RHODL Ratiocreator on BTC price: "Zoom out"RHODL

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