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Bitcoin Rise Fueled By Stablecoins, On-Chain Data Suggests

[Apr 15, 2023 7:58 AM] On-chain data shows the recent rise in the price of Bitcoin above the $30,000 mark may be fueled by stablecoins being shifted into the asset. Stablecoins Have Continued To Flow Into Bitcoin In Recent Days As pointed out by an analyst on Twitter…

Bitcoin Leverage Ratio Shoots Up, More Volatility Ahead?

[Apr 12, 2023 7:30 AM] On-chain data shows the Bitcoin leverage ratio has shot up with the rise above the $30,000 mark, something that may cause more volatility for the coin. Bitcoin Estimated Leverage Ratio Has Sharply Surged Recently As pointed out by an analyst in a…

Bitcoin’s Slowdown At $30,000 Only Temporary, Here’s Why

[Apr 12, 2023 5:30 AM] After seeing an explosive start to the week and breaking above $30,000 for the first time in over nine months, Bitcoin has begun to cool out price-wise. However, this cooldown that has dragged its price below $30,000 once more could only end up…

Bitcoin Price Consolidates Gains As Risk of Pullback Increase

[Apr 11, 2023 8:23 PM] Bitcoin price is consolidating gains above the $30,000 zone. BTC is showing a few signs of a downside correction below the $30,000 level. Bitcoin attempted a fresh increase and spiked above the $30,450 resistance zone. The price is trading above…

Check One, Two: Is Bitcoin Ready For A Mic Drop Rally?

[Apr 11, 2023 6:12 PM] Bitcoin price has punctured into resistance at $30,000 and bulls are celebrating the demise of the bear market. But are they celebrating too early? Or is the first ever cryptocurrency going to fist pump higher? Find out how Elliott Wave Principle…

Bitcoin Market Shows Signs Of Euphoria, Will $30,000 Be Lost?

[Apr 11, 2023 11:00 AM] Data shows that Bitcoin investors are showing a high amount of hype around the break above $30,000, something that may end up backfiring. Bitcoin Investors Are Showing High Levels Of Euphoria Currently According to data from the on-chain analytics…

Bitcoin Price Rallies Past 30K, A Strengthening Case for Upside

[Apr 10, 2023 8:22 PM] Bitcoin price rallied above the $28,800 resistance. BTC is up over 6% and it could rise further above the $30,500 resistance zone. Bitcoin climbed higher and was able to clear the $30,000 resistance zone. The price is trading above $30,000 and the…

Bitcoin Price Breaks Above $30K For First Time Since June 2022

[Apr 10, 2023 6:53 PM] Bitcoin price is once again pushing higher and breaking boundaries, this time above the key psychological level of $30K per coin. It marks the first time BTCUSD trading above the level since June 2022. Is this more confirmation of a bullish trend…

Bitcoin Korea Premium Index Turns Red, Decline Incoming?

[Apr 7, 2023 10:00 AM] Data shows the Bitcoin Korea Premium Index has taken a negative value recently, something that could lead to a drawdown in the asset’s price. Bitcoin Korea Premium Index Has Declined Into Negative Values Recently As pointed out by an analyst…

Bitcoin Loss Taking Spikes, Why This Could Be Bullish

[Apr 7, 2023 8:00 AM] On-chain data shows Bitcoin loss-taking transaction volume has spiked recently. Here’s why this could turn out to be bullish for the asset’s price. Bitcoin Loss-Taking Volume Has Been More Than The Profit-Taking One Recently According…

Grayscale Discount Continues To Recover, Good News For Bitcoin?

[Apr 6, 2023 5:00 PM] The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the world, saw a rocky end to the year 2022 after its sister company Genesis Trading filed for bankruptcy. However, it has seen a better start to the year 2023 as it continues to…

Bitcoin Older Than 5 Years Abruptly Moves, Bearish Sign?

[Apr 5, 2023 9:00 AM] On-chain data shows a large amount of Bitcoin sitting dormant since between 5 and 7 years ago has moved recently, a sign that may be bearish for the price. 5+ Years Old 1,005 BTC Has Been Recently Moved On The Bitcoin Blockchain As pointed out by…

Bitcoin Price Needs To Clear $29,000 For Hopes of a Fresh Rally

[Apr 4, 2023 9:56 PM] Bitcoin price is consolidating gains below the $28,800 resistance. BTC must clear $29,000 to start a fresh rally and clear the $30,000 resistance zone. Bitcoin is showing positive signs above the $28,000 support zone. The price is trading above…

Here’s Why Bitcoin Could Break At Least $33,000 In This Rally

[Apr 4, 2023 8:00 AM] Bitcoin may be able to break the $33,000 mark in the current rally if this historical pattern of an on-chain indicator is anything to go by. Bitcoin Realized Price-To-Liveliness Ratio Has A Value Of $33,200 Currently According to the latest weekly…

Data Says Bitcoin Has Begun Its Most Bullish Month Historically

[Apr 3, 2023 5:38 PM] Bitcoin price is trading around $28,000, holding relatively stable after a large move upward in Q1 2023 from 2022 lows. Not only is a new quarter beginning, but BTCUSD has entered its most bullish month in its history, according to data. Historical…

Bitcoin SOPR Plunges, Why This Could Be Bullish

[Apr 3, 2023 11:30 AM] On-chain data shows the Bitcoin Spent Output Profit Ratio (SOPR) has plunged recently; here’s why this may be bullish for the price. Bitcoin SOPR Observed A Deep Plunge In Recent Days As an analyst in a CryptoQuant post pointed out, many…