4 Crucial On-Chain Trends Show That Bitcoin’s Trend Is Bullish
Bitcoin has dropped over the past few days after news revealed that OKEx had frozen withdrawals. The price of the leading cryptocurrency slipped from $11,750 to $11,450 where it is now. The leading cryptocurrency is primed to appreciate in the long run despite short-term weakness. One crypto-asset analyst noted that there is a confluence of on-chain trends showing Bitcoin is bullish. Four of those metrics are as follows. Bitcoin’s On-Chain Trends Are Bullish, Data Shows […]
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Over the course of October Bitcoin’s price has been on a tear, rising in value. In the first week, Bitcoin.com predicted bullish indicators as the price ramped up to $630 USD per BTC at the time. Now the value of the cryptocurrency is slowly edging towards the $700 mark and was battling resistance at $690 at press time. Bitcoin’s Bullish Value Has Kept....
Bitcoin has faced a strong correction over the past few days after peaking at $11,200 last week. At the recent lows, BTC traded for $10,200, meaning it had dropped over $1,000 from those highs. The coin now trades at $10,500 as of this article’s writing, technically in no man’s land. A trader thinks that the prevailing trend is still bullish because the cryptocurrency held a pivotal support level during the drop. Other signs also show […]
Bitcoin is technically in no man’s land a number of analysts have said after the crypto’s recent drop. The cryptocurrency, in fact, is below the $11,000 resistance, where BTC was rejected last week. Bitcoin is also above the support of the low-$10,000s, where a number of bounces have taken place over recent weeks. Four key market data points suggest that BTC will soon resume its ascent, though. There are also on-chain trends observed by a […]