Wait For Bitcoin At $20,000? This Analyst Says No
An analyst has explained using on-chain data that Bitcoin has a major demand bucket at the current price levels, so it won’t hit $20,000 anytime soon. Huge Bitcoin Buying Occurred Inside The $25,000 To $30,000 Range In a new post on X, analyst Ali has explained that some large entities accumulated at the $25,000 to $30,000 range. The indicator of interest here is the “UTXO Realized Price Distribution” (URPD), which, in short, tells us about the amount of Bitcoin that was acquired at the different price levels of the cryptocurrency. Here is a chart that shows how the URPD....
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There’s already a turn in the tide for XRP, and this has naturally triggered more interest in the digital asset from investors. While there is still selling pressure from bears at this time, the XRP price continues to show bullish tendencies with the possibilities of more returns from here. However, a crypto analyst has warned […]
Analyst Austin Hilton has sounded a major XRP warning even as the price continues to consolidate. He declared that this is the last chance to get into the altcoin before its price goes on a parabolic run. Last Chance To Get In On XRP Before Its Q4 Bull Run In a YouTube video, Austin Hilton warned that this is the last chance for investors to accumulate XRP before its major bull run in the last quarter of this year. He noted that September was expected to be a slow month with little action from the altcoin, especially as investors wait on a Fed rate cut. Related Reading: Analyst Warns XRP....
The banking giant announced it had opened a wait list for its bitcoin trading offering, but it has yet to set a launch date.
As these words are being typed, it seems Bitcoin wants to rally and ethereum is looking weak. This proves the wisdom of waiting for confirmation before executing a trade. Readers of yesterday’s column will recall that I ended by saying I was prepared to buy ethereum and/or ethxbt, but suggested I would wait for confirmation. As of now that confirmation has still not come. In fact, there are few concrete signals (that I can see) to indicate which way these currencies are going to break, so I for one will wait on the sidelines until a trend asserts itself. What might constitute a CLEAR AND....
This week’s newsletter discusses changes to services and client software and why wallets should wait before generating Taproot addresses.