Bitcoin metrics demand BTC price gains as analysis calls for ‘near-term caution’
Rare signals coming from derivatives markets echo the start of previous Bitcoin price run-ups, but a bearish retest of support could come first, says Decentrader. Bitcoin (BTC) has a “possibility” of winning back more lost ground this month, but a retest of $40,000 may test bulls beforehand.In its latest market update on Feb. 11, trading suite Decentrader voiced cautious optimism over BTC price action.Derivatives turn complementaryAfter rallying above $45,500 on the back of United States economic data, BTC/USD has since dropped back into the range that has defined it this week.For....
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Although Bitcoin prices made a strong 15% recovery over the past week, metrics suggest more network demand would be needed to sustain further price increases. With several on-chain metrics for Bitcoin (BTC) still in a bearish range, a continuation of the recent price recovery will require increased demand and fees spent over the network, says Glassnode. The assessment of mediocre market growth over the past week came from blockchain analysis firm Glassnode in its latest The Week On Chain report on August 1.In it, analysts pointed to sideways growth in transactional demand, active Bitcoin....
Bitcoin bulls celebrated BTC’s push through a long-term trendline resistance, but has anything actually changed? On Oct. 4 and 5, Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to April 22 or Nov. 15, depending on one’s style of technical analysis.Some traders might be feeling a bit celebratory now that the price trades outside of the descending trendline, but have any relevant metrics or macro factors changed enough to support a bullish point of view for Bitcoin price? In reality, BTC....
As the eventful year of 2025 draws to an end, crypto analysts are looking into what the Dogecoin price could hold for investors going into the end of the year. One of these analysts is BitGuru, who shared an interest in the Dogecoin price chart, highlighting the next possible roadmap that the meme coin could take. With the possibility of a bounce rising, the next targets have become increasingly important to identify in order to maximize gains. Why The Dogecoin Price Could Recover Quickly BitGuru’s analysis focuses on the rising demand surrounding the meme coin after finding support from....
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The current state of the Bitcoin market offers a mix of optimism and caution for investors. Over 87% of Bitcoin holders are in profit, with their investments valued higher than their initial purchase prices. Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing? On average, these investors are seeing unrealized gains of 120%, a significant figure that reflects the substantial rally that pushed Bitcoin to its all-time high in March, according to Glassnode data. However, despite these gains, the market exhibits both encouraging long-term trends and some....