Tag Archives: Bitcoin Plummet

Bitcoin Could End Up Plummeting To $80,100 If This Support Fails

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On-chain data shows Bitcoin is currently retesting an important support level. Here’s where the next important line lies, should this level fail. Bitcoin Is Currently Trading Around 1-Year MVRV Mean In its latest weekly report, the on-chain analytics firm Glassnode has discussed about a Bitcoin pricing model that’s based on the Market Value to Realized… Continue reading Bitcoin Could End Up Plummeting To $80,100 If This Support Fails→

Bitcoin Plummets To $59,000, On-Chain Data Reveals Why

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Bitcoin has observed a plunge to the $59,000 level during the past day. Here’s what could be behind it, according to on-chain data. Bitcoin Exchange Inflow Spiked Just Before The Crash In a newExchange Inflow is an on-chain metric that tracks the total amount of assets being transferred into the wallets of centralized exchanges. Investors deposit many… Continue reading Bitcoin Plummets To $59,000, On-Chain Data Reveals Why→