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CryptoQuant’s Bitcoin PnL Index Forms Bullish Crossover

[Jan 26, 2023 7:18 AM] CryptoQuant’s Bitcoin on-chain PnL index has surged above its 365-day MA recently, a crossover that has historically signaled early bull markets. Bitcoin On-Chain PnL Index Has Formed A Bullish Crossover As per data from the on-chain…

Here’s Why The Bitcoin Price Rally Stalled For Now

[Jan 25, 2023 6:30 AM] The Bitcoin price rally has stalled for five days now. After BTC experienced a furious surge from $21,000 to $23,000 last Friday, the price is now in a consolidation phase. The reasons for this are diverse. As NewsBTC reported, Bitcoin’s…

Bitcoin Surges To 23,000 As Miners Sales Sees Multi-Year Low

[Jan 24, 2023 1:00 PM] Bitcoin has continued with its bullishness as it surged its price above the USD$23,000 level, a positive signal amid miners reduced the sales of their mined coins. On-chain flows flagged by Bitifinex analysts indicate that the amount of Bitcoin…

Bitcoin Bull Trap Or Bull Run? This Is What Glassnode Says

[Jan 24, 2023 3:00 AM] The Bitcoin price is up 40% year-to-date (YTD) and has recaptured the $23,000 level. However, with ongoing concerns around DCG and Grayscale as well as macroeconomic uncertainties, many investors doubt the sustainability of the recent price rally…

Bitcoin Weekly RSI Reaches Line Between Bear & Bull Market

[Jan 23, 2023 4:23 PM] Bitcoin price continues to push higher, leaving very few pullback opportunities thus far for those that failed to buy below $20,000. Price action on BTCUSD the weekly timeframe, according to the Relative Strength Index, has reached a critical line…