If one word could be used to describe how the majority of participants in the cryptocurrency ecosystem feel about the near-term outlook for Bitcoin (BTC) it would be 'undecided', as mixed signals from all manner of indicators have many traders waiting for a significant move in either direction before planning their next entry point. A new report from Delphi Digital took a macro … [Read more...] about Historically low spot volumes and investor indecision weigh on Bitcoin price
Historically
Bitcoin metric sees ‘hell of a bounce’ in move which historically heralds BTC price bottom
A classic Bitcoin (BTC) on-chain indicator has seen a “hell of a bounce” even as price action stays uncertain.In a tweet on July 9, Philip Swift, creator of analytics resource Look Into Bitcoin, highlighted a dramatic change of course for the Puell Multiple.Advancing Puell and hash rate "a good sign"A deceptively simple metric, Puell tracks miner behavior with a view to … [Read more...] about Bitcoin metric sees ‘hell of a bounce’ in move which historically heralds BTC price bottom
Historically accurate Bitcoin metric nears the next ‘potential’ price peak
Bitcoin (BTC) losing over 50% in a month may have a big silver lining as lower prices set up a classic bull flag.On Thursday, Philip Swift, creator of the Pi Cycle Top indicator, said that this year could still see a major Bitcoin price high. BTC price drop’s saving grace?Pi Cycle Top uses two moving averages — the 111-day and the 350-day multiplied by 2 — to determine likely … [Read more...] about Historically accurate Bitcoin metric nears the next ‘potential’ price peak
Bitcoin reclaims $58k as bulls eye historically bullish April
BTC price could rally higher in April and record new highs above $60k Bitcoin has jumped above $58k after holding off sellers near $57,700, with analysts suggesting BTC/USD could rally much higher in April. A positive price movement now suggests a higher monthly close could see investors head into historically bullish April with targets much higher than the all-time high of … [Read more...] about Bitcoin reclaims $58k as bulls eye historically bullish April
Is Bitcoin at risk of another drop below $40K in a historically corrective March?
Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted.For instance, the Crypto Fear and Greed Index plunged to monthly lows of 56 after being above 90, or "extreme greed" for an entire month. Crypto Fear & Greed Index. Source: … [Read more...] about Is Bitcoin at risk of another drop below $40K in a historically corrective March?