At the beginning of the month, Bitcoin dropped to a three-month low of $46,500 in a market-wide flash crash that wiped over 18% of its value in a matter of hours.According to a report from analytics company Santiment, a spike in an often-overlooked metric preceded both this month’s crash and last year’s March sell-off and could be used to predict future price swings.Tracking … [Read more...] about This key metric correlates with Bitcoin’s largest price drops
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Bitcoin cools from 1-week highs with key long-term metric echoing $44K
Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRSI sees "bullish engulfing"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing to local lows of $55,920 on Bitstamp overnight.The pair then recovered to circle $56,500 at the time … [Read more...] about Bitcoin cools from 1-week highs with key long-term metric echoing $44K
Analysts say this key metric suggests an altcoin season is at hand
Bitcoin’s (BTC) 65% recovery from sub-$29,500 on July 20 to a swing high of $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and to traders who were dreading the prospect of another prolonged bear market.Currently, the BTC rally has stalled out near the $46,000 price level, and this phase of sideways trading is giving … [Read more...] about Analysts say this key metric suggests an altcoin season is at hand
Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign
Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › AnalysisBitcoin dropped below the crucial weekly support of $32,500 as bears took control of the price action. Rohan Jethi · July 20, 2021 at 8:00 am UTC · 2 min read … [Read more...] about Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign
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