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Old Hands Not Taking Exit Liquidity On Bitcoin Yet As Long Term Holding Reaches 82%

The majority of spending on the Bitcoin chain is currently dominated by coins that are relatively young compared to coins that have sat dormant or unspent on the network for over six months. This is according to a recent on-chain analysis by Glassnode analysts who say that this indicates a fairly positive trend for the […] дальше »

2021-8-12 15:12


Bitcoin: What you should and shouldn't do if you're a long-term holder or trader

Despite Bitcoin gaining by 18% over the past two weeks, analysts continue to be rather pessimistic about the market. This could be because large chunks of BTC are being deposited to exchanges by whaleThe post Bitcoin: What you should and shouldn't do if you're a long-term holder or trader appeared first on AMBCrypto. дальше »

2021-8-6 17:30


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Bitcoin Transaction Volume Up 94% In A Week As On-Chain Activity Hits Record low: What This Means For BTC’s Trajectory

The weekly Bitcoin transactional volume is up 94% with the network seeing $9. 1 billion of value transacted per day. Although the transaction volume rose sharply last week, the network is seeing a relatively low transaction count at the rate of 200k transactions daily according to Glassnode analysts. дальше »

2021-8-6 20:20


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Bitcoin Kicks Off August On A Strong Foot, But Can The Bulls Reclaim $60k This Month?

The year has been Bitcoin’s best since November of 2020 when the bulls showed that they had arrived. The early part of this year saw analysts, investors, and traders extremely confident in the bulls’ abilities to sustain newly attained price levels, and it was so for the first quarter of the year until it wasn’t. […] дальше »

2021-8-2 21:01


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Is The Prevailing Rally A Fakeout or Real BTC Rally? Why Recent 50% Tanking Explains The Former

During the weekend, Bitcoin recorded the largest single-day price pump of 12.5% in a single day in the last six weeks and the entire crypto market added more than $100 billion in value. The recent pump largely defies the expected bearish trend late last week, causing speculation by some analysts that it was a fake-out pump […] дальше »

2021-7-28 17:49


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Crypto CEO Unfolds How Bitcoin Is Likely To Go From $100,000 to a $300k Price Point

Several analysts have already predicted that institutional investors pouring money into Bitcoin may be the push the market needs to recover from the current slump. Notably, the last surge Bitcoin had before it plunged and lost over 50% of its value has been said to be largely owing to interest from institutional investors, by several […] дальше »

2021-7-23 16:11


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Amid Extremely Divided Bitcoin Market, HODLers Show Remarkable Resilience

The Bitcoin market is currently indecisive on a bullish or bearish path, and this may exacerbate crypto volatility, says Glassnode analysts in their Monday analysis of the BTC on-chain activity. Even as the market continues to ponder the Grayscale GBTC unlock, the Purpose ETF product and over-the-counter inflows went down last week, which suggests low […] дальше »

2021-7-20 16:38


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Bitcoin Price Trapped Between Key Resistance and Support Levels —Analysts Warn Losses Can Extend

Starting June 21, Bitcoin price has been trapped between $36,000 and $31,000 levels, constituting key resistance and support levels, consecutively. In addition, over the last 48 hours, Bitcoin price recorded a relatively high at around $34,200 and an intraday low of around $32,650, as per data by Coinmarketcap. Zooming out, it is easy to perceive […] дальше »

2021-7-15 18:45


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Mammoth Surge Of Bitcoin Outflows From Crypto Exchanges Signal Fresh Market Push

Bitcoin traders are expecting an upside push in prices in the short to medium term following a substantial fall in the supply of BTC in exchanges over the past few days. Cryptocurrency exchanges have lost a combined total supply of about 40,000 BTC in the last three weeks according to Glassnode analysts. “This represents approximately […] дальше »

2021-7-13 18:03


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Grayscale’s $1.5 Billion GBTC Unlock Nears – Why Analysts Are Predicting An Unfavorable Impact On Bitcoin Price

Bitcoin leads calmly this weekend tightly ranging between $33,000 and $34,500 ahead of this week’s unlocking of Grayscale Bitcoin Trust (GBTC) shares. The tight squeeze is closely linked to uncertainty by most investors who prefer not to take a side until the activity is concluded, a usual phenomenon with markets. Most Altcoins have also maintained […] дальше »

2021-7-13 18:47


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Bitcoin On-Chain Data Shows Possible Undervaluation of BTC Price

A Bitcoin on-chain metric, the Puell Multiple, temporarily fell to the “undervalued zone” before snapping back as BTC prices recovered, data from GlassNode on July 5 shows. The Puell Indicator Falling in lockstep with Bitcoin Hash Rate According to a screen-grab, the indicator has been used by on-chain analysts to pick out bottoms on severalRead More дальше »

2021-7-5 14:00