Tag: BTC analysis

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Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000

After breaking out of the two-months ascending triangle, the price of Bitcoin (BTC) is firmly staying above $60,000. Current on-chain volume suggests investors are still strongly buying Bitcoin at current price levels. Furthermore, the current price is not even close to a short-term price top when comparing to historic network valuation multiples. BTC price bull…
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17 April 2021 0

Bitcoin on-chain data suggests no bull market top at $60K, selling activity declining

For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher prices as they hold on to their Bitcoin. This only adds to the already existing…
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11 April 2021 0

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