Bitcoin Market Momentum Flips Bullish
Bitcoin market data is indicating upside over the next month, with the potential bitcoin price low already in.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.In today’s Daily Dive, we’re highlighting the Market Realized Gradient metric coined by Glassnode’s lead on-chain analyst, Checkmate. The metric looks to capture the current state of market momentum comparing price to capital inflows. Here we are....
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Recent data has shown what the XRP price would be if it flips Ethereum’s market cap. Such a development would also lead to a new all-time high (ATH) for XRP. Meanwhile, crypto experts have given their opinions on whether XRP could indeed flip Ethereum. How High The XRP Price Would Be If It Flips Ethereum’s Market Cap MarketCapOf data shows that the XRP price could reach as high as $3.94 if it flips Ethereum’s market cap. This is significant as a rally to this price level would mark a new ATH for the asset. Flipping ETH’s market cap also means that XRP will become the second largest....
With Bitcoin holding strong above $10,000, the halving in the past, and months of positive price action, it is hard to not be bullish on the first-ever cryptocurrency. However, a momentum measuring tool has flipped bearish for the first time since April 2020 on weekly timeframes, potentially pointing to $10,000 failing to hold and a […]
Bitcoin price is back at $48,000 and with the most recent weekly close, momentum has flipped bullish for the very first time this year. With the momentum now behind bulls, what might this mean for the cryptocurrency market in the weeks and months ahead? The MACD And Bullish Weekly Bitcoin Momentum Markets are always seeking equilibrium. When a large move materializes, the same momentum that carried an asset upward, pulls it downward when the trend begins to topple. This makes momentum among the most important factors in determining if and when a trend might change. Related Reading |....
Ethereum’s brief upswing on Sunday was met with significant resistance at the $2,600 price, which triggered a bearish wave, pushing its price back to $2,360. While its price is demonstrating weakening momentum, reports show that several ETH key metrics have moved into positive territory. A Positive Turnaround For Ethereum’s Market Dynamics In a surprising turn […]
Ethereum is showing renewed strength after days of intense selling pressure and widespread uncertainty across the crypto market. Following a sharp drop below the $3,300 level, bulls are now attempting to reclaim $3,600, with the next major objective set at $4,000 — a level that could confirm a shift in market momentum if conquered. Related Reading: SharpLink Gaming Wallet Moves Freshly Redeemed Ethereum to OKX – Details Amid this recovery effort, key on-chain data highlights a surprising move from one of the market’s most closely watched traders — the so-called Anti-CZ Whale. This investor....