Bitcoin Struggles Under Key Adjusted Realized Price — Why It Matters
Over the past two months, the Bitcoin (BTC) price has tried in vain to reclaim an $80,000 valuation, with prices in this period peaking at approximately $76,000. Interestingly, a market analyst has recently explained that this is due to a significant price level acting as resistance. Related Reading: Why Bitcoin Price Is Still Falling Despite […]
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Past trend of the Bitcoin actual/realized price ratio may be forming a pattern that could hint at a possible bottom for the crypto at $17k. Bitcoin Actual/Realized Price Ratio Currently Has A Value Of 0.8 As pointed out by an analyst in a CryptoQuant post, historical data of this BTC ratio may have interesting implications for the current market. The realized cap is a capitalization model for Bitcoin that multiplies each coin in the circulating supply with the price at which the coin was last moved and takes the sum of all the values. This is different from the usual market cap, where the....
Bitcoin has struggled to reclaim the short-term holder Realized Price, a key on-chain level. Here’s where the next major support line lies for the asset. Bitcoin Has Again Dipped Below STH Realized Price In its latest weekly report, on-chain analytics firm Glassnode has discussed about some key Realized Price levels for Bitcoin. The “Realized Price” here refers to an indicator that measures the cost basis of the average investor or address on the BTC network. Related Reading: XRP Indicator That Nailed Recent Reversals Has Flashed Again When the metric is trading above the....
Even though the price of Cardano has shown robust weakness over the past few days, the network’s activity remained strong, delivering a notable performance during this period. A recent report has revealed that the leading blockchain has experienced a sharp growth in terms of Adjusted On-chain Volume. Surge In Cardano’s Adjusted Transaction Volume The leading […]
Bitcoin price has been range-bound for 126 days, but analysts say an explosive move is imminent. Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this thesis on? Let’s take a look at three data points that predict a spike in Bitcoin volatility. Muted volatility and seller exhaustionAccording to Glassnode research, the “Bitcoin....
The price of XRP has been relatively calm throughout February, especially following an early-month descent to just above $1.1. Hovering around $1.4, the second-largest altcoin has struggled to continue its recovery to around the $2 mark. However, it appears the altcoin’s struggles might not last for long, especially if history repeats itself over the next […]