The crypto market has recently seen some ups and downs, with Bitcoin facing many fluctuations. According to a recent post by a CryptoQuant analyst known as ‘Kripto Mevsimi,’ the Bitcoin Market Value to Realized Value (MVRV) ratio has dipped below its 365-day moving average. This specific indicator often identifies potential market bottoms and zones where…
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Bitcoin has hit the $60,000 price mark, recovering a price level last seen since August 29. Based on data from CoinMarketCap, The crypto market leader moved by 3.98% on Friday, capping off a rather impressive weekly performance. Commenting on this price gain, prominent blockchain analytics company Santiment has provided insight into shifting market dynamics that…
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Although Bitcoin (BTC) on-chain health remains net positive, from a price perspective two crucial support levels must be maintained for a continued bullish uptrend, notes ARK Invest in its latest monthly report. Bitcoin’s Healthy On-Chain Metrics, What Does It Mean? In its report, ARK Invest posits that Bitcoin requires some upside if its market structure…
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Recent analysis from CryptoQuant highlights that Bitcoin price may soon undergo a significant move, according to an indicator known as the Coinbase Premium. A CryptoQuant analyst under the pseudonym ‘Avocado Onchain’ noted earlier today that the Coinbase Premium, which measures the price gap between Bitcoin on Coinbase and Binance, is showing signs of convergence. The…
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On-chain data shows the Bitcoin Puell Multiple has recently declined into the historical bottom zone as BTC’s continued consolidation. Bitcoin Puell Multiple Is Now Under The 0.4 Level As an analyst in a CryptoQuant Quicktake post explained, the BTC Puell Multiple has declined under 0.4 for the first time since the end of 2022. The “Puell Multiple”…
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Bitcoin price is holding gains above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000. Bitcoin is attempting a fresh increase above the $57,200 support zone. The price is trading above $57,500 and the 100 hourly Simple moving average. There is a key contracting triangle forming with…
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Crypto analyst Titan of Crypto has highlighted a bullish indicator on the Bitcoin chart. The analyst also revealed what happened the last time this pattern formed, suggesting that the leading crypto could enjoy a significant price rally soon enough. Golden Cross Forms On The Bitcoin Chart Titan of Crypto revealed in an X (formerly Twitter)…
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The Bitcoin derivatives market has reached a notable milestone, as the estimated leverage ratio for the asset has surged to its highest level of the year, latest data from CryptoQuant shows. This metric, which tracks the ratio of open interest to coin reserves on exchanges, signals increased leverage use among market participants. The growing trend…
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Bitcoin price started a decent increase above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000. Bitcoin is attempting a fresh increase above the $57,000 support zone. The price is trading above $57,200 and the 100 hourly Simple moving average. There was a break above a short-term…
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Bitcoin (BTC) is finally making a comeback, with recent price spikes signaling a potential start of the long-awaited market bull run. As the cryptocurrency retests the $57,000 level, this renewed momentum could ignite a positive price rally, potentially driving more gains for Bitcoin. Bitcoin Retests New Levels At $57,000 On Tuesday, September 10, Santiment, a…
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