Tag Archives: Bitcoin Bullish

Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000

Posted on by — No Comments ↓

Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the… Continue reading Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000→

Will Bitcoin Bullish Swing Continue? Top Analyst Says Yes

Posted on by — No Comments ↓

An analyst has explained how Bitcoin will likely continue the latest bullish swing, at least in the short-term. Bitcoin Spot Exchange Supply Has Been On The Decline Recently In a new post on X, analyst Willy Woo has discussed the short-term and medium-term trajectories that BTC could follow. For the former, the analyst says the… Continue reading Will Bitcoin Bullish Swing Continue? Top Analyst Says Yes→

Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory

Posted on by — No Comments ↓

On-chain data shows the Bitcoin Puell Multiple has recently declined into the historical bottom zone as BTC’s continued consolidation. Bitcoin Puell Multiple Is Now Under The 0.4 Level As an analyst in a CryptoQuant Quicktake Puell Multiple” here refers to a popular on-chain indicator that keeps track of the ratio between the daily Bitcoin miner revenue and… Continue reading Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory→

Bitcoin Surges Above $57,000, But Investors Still Shorting: Fuel For More Rise?

Posted on by — No Comments ↓

Data shows derivatives exchange users are still shorting Bitcoin after the recovery that the cryptocurrency has enjoyed beyond the $57,000 mark. Bitcoin Funding Rate Is Still Negative On Major Exchanges According to data from the analytics firm Funding Rate,” which keeps track of the periodic fee that the derivatives contract traders on a given exchange… Continue reading Bitcoin Surges Above $57,000, But Investors Still Shorting: Fuel For More Rise?→

‘Paper’ Bitcoin On The Decline: What It Means For BTC

Posted on by — No Comments ↓

Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new Paper BTC. The former of these is simply the actual tokens that the exchanges are holding on behalf of… Continue reading ‘Paper’ Bitcoin On The Decline: What It Means For BTC→

Bitcoin NVT Golden Cross Gives Bottom Signal: What Happened Last 2 Times

Posted on by — No Comments ↓

On-chain data shows that the Bitcoin Network Value to Transactions (NVT) Golden Cross has dipped into the bottom region, which may be bullish for the asset’s price. Bitcoin NVT Golden Cross Has Seen A Sharp Decline Recently As an analyst in a CryptoQuant Quicktake NVT ratio” is an on-chain metric that keeps track of the ratio between… Continue reading Bitcoin NVT Golden Cross Gives Bottom Signal: What Happened Last 2 Times→

Bitcoin Bullish Signal: NVT Golden Cross Suggests BTC Oversold

Posted on by — No Comments ↓

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross is currently at a level that could suggest BTC to be underpriced. Bitcoin NVT Golden Cross Has Been Inside Oversold Region Recently As explained by an analyst in a CryptoQuant Quicktake NVT ratio” is an indicator that keeps track of the ratio between… Continue reading Bitcoin Bullish Signal: NVT Golden Cross Suggests BTC Oversold→

Bitcoin Now Forming Pattern That Last Led To It Blasting Off

Posted on by — No Comments ↓

On-chain data shows that Bitcoin is forming a pattern in its Total Amount of Holders, which last proved bullish for the cryptocurrency. Bitcoin Has Seen A Fall In Its Total Number of Holders Recently According to data from the on-chain analytics firm Total Amount of Holders,” which measures, as its name suggests, the total number of… Continue reading Bitcoin Now Forming Pattern That Last Led To It Blasting Off→

Crypto Analyst Says Next Bitcoin Target Is $78,700 If BTC Breaks This Resistance

Posted on by — No Comments ↓

An analyst explained that the next target for Bitcoin could be $78,700 if BTC could cross this resistance level of an on-chain pricing model. Bitcoin MVRV Extreme Deviation Pricing Bands Put Resistance At $65,800 In a new Market Value to Realized Value (MVRV) ratio. The MVRV ratio is a popular indicator that, in short, keeps… Continue reading Crypto Analyst Says Next Bitcoin Target Is $78,700 If BTC Breaks This Resistance→

Will Bitcoin Have A ‘Red Monday, Green Week’? Analyst Sets $63,500 Target

Posted on by — No Comments ↓

Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic decline saw the flagship cryptocurrency momentarily lose its support above the $60,000 level on Monday. The drop left many investors wondering whether the bullish rally is over. However, crypto analysts remain optimistic about BTC’s performance and consider the drag… Continue reading Will Bitcoin Have A ‘Red Monday, Green Week’? Analyst Sets $63,500 Target→