Bitcoin moves above short-term bull flag- Will $26k be the next target?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The daily timeframe structure was strongly bullish. A dip below $22.2k will break the lower timeframe bias. Bitcoin rallied hard throughout January and has posted gains of 44.3% from the swing low to the swing […]
dYdX registers unprecedented increase in its value; the reason is surprising
dYdX has seen an increase of over 30% in the last 48 hours. dYdX’s increase in value began after the exchange announced the postponement of its token unlock. The price of dYdX has significantly increased during the last day, possibly at the most significant rate of increase year to date. The primary driver of the […]
Is Bitcoin in early bull phase? Refer to these metrics for an answer
Bitcoin entered the early stages of a bull phase, as per CryptoQuant’s data. A decline in Bitcoin returns compared to other cycles was observed. Bitcoin has entered the early stages of a bull phase, according to recent data provided by CryptoQuant. Now, you might ask for a more detailed explanation. Well, for that purpose, consider […]
Decoding key reasons behind Bitcoin’s [BTC] January price rally
Identical BTC transactions on 5 January might have kickstarted the current rally. BTC flirts with the $23,000 region as it attempts to form a new support line. Recently, the price of Bitcoin (BTC) rose, affecting the entire crypto market. The bulls’ swing started the current run that the coin is now seeing. According to recent […]
Bitcoin [BTC] forms a near-term bull flag; bids can be placed at…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The bull flag indicated $24.2k as a target. The presence of a bullish breaker offered greater support to BTC. Bitcoin [BTC] noted impressive gains in January 2023. During Christmas 2022 and New Year 2023, Bitcoin […]
Analyzing retail investors’ growing faith in Bitcoin [BTC] as prices soar
Retail investors’ interest in Bitcoin increased. Increase in profitability and potential for increased selling pressure for BTC. Since the Terra Luna [LUNC] collapse, the number of Bitcoin [BTC] retail investors continued to rise and stood at 17.1% of the total circulating supply at press time, according to Glassnode. Read Bitcoin’s [BTC] Price Prediction 2023-2024 This […]
BTC’s hashrate leads to rising tensions- Is mining industry at a crossroads?
Bitcoin hashrate is at an all-time high, and competition for block rewards is fierce. Miners’ revenue has declined, and the selling pressure may increase anytime soon. Bitcoin’s hashrate reached a new all-time high recently. This increase in hashrate meant that more miners are participating to keep the network secured and more decentralized. However, it also meant […]
Bitcoin’s RPV ratio reveals if BTC bull run is in jeopardy?
RPV ratio suggests a decrease in enthusiasm for the Bitcoin bull run. Trader sentiment remains positive and volume, velocity, and exchange reserves all show market strength. According to data provided by glassnode, Bitcoin‘s RPV, or Profits-to-Value Ratio, declined significantly over the last few days. This ratio compares profit-taking in the market against the network valuation […]
Bitcoin holders are avoiding leverage in the latest rally, here’s why
Low demand for leverage gives insights into the current Bitcoin investor psychology. BTC enjoys demand in the derivatives market courtesy of a strong recovery in open interest. Glassnode alerts just revealed that the amount of HODLed or lost Bitcoin is now at a 5-year high. This reflects the positive price action that the cryptocurrency has […]
Bitcoin (BTC) Price Prediction 2025-2030: What BTC holders should keep in mind
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject Bitcoin is currently trading at levels not seen for the past few months. The king coin has been recovering from the selling pressure. And a resurgence of demand […]
Why Bitcoin investors are on edge following Genesis’ bankruptcy announcement
Genesis’ bankruptcy filing revived concerns of a potential Bitcoin selloff. However, bulls charged through the FUD and passed the $22,000 price level. Genesis reportedly filed for Chapter 11 bankruptcy after failing to secure enough funds to cover its debt. The company, which was one of the largest institutional lenders at one point, has the potential to […]
Bitcoin [BTC] investors embrace risk-on approach, but beware of hidden risks
Bitcoin investor appetite has resumed, according to multiple indicators. However, there is still a risk for BTC’s downside. As per a CryptoQuant analysis on 19 January, multiple signals were determining the start of Bitcoin’s [BTC] next bull run at press time. One of the biggest observations was that BTC’s holders shifted their coins from the […]
Bitcoin on a bullish streak in January 2023: All that’s positive for the king coin so far
Bitcoin may shortly match its historic 15-day winning streak if its upward price trend persisted. Around the $21,450 and $21,500 levels, Bitcoin appeared to come up against a significant obstacle. If its upward price trend continues, the first cryptocurrency in the world, Bitcoin [BTC], will soon match its historic 15-day winning run. The longest price […]
Kraken 101: The Beginner’s Guide to Bitcoin (BTC)
Bitcoin is an invention that, for the first time in history, enabled a group of software users to create and manage a digital money supply outside the control of any government or bank. To begin, it helps to think of Bitcoin as a software protocol… The post Kraken 101: The Beginner’s Guide to Bitcoin (BTC) appeared first on Kraken Blog.
Crypto 101: The Beginner’s Guide to Bitcoin (BTC)
Bitcoin is an invention that, for the first time in history, enabled a group of software users to create and manage a digital money supply outside the control of any government or bank. It helps to think of Bitcoin as a software protocol like those… The post Crypto 101: The Beginner’s Guide to Bitcoin (BTC) appeared first on Kraken Blog.
Bitcoin: With these holders joining the BTC buy party, traders can expect that…
Various addresses were accumulating BTC, thus, indicating broad-based interest Miner outflow witnessed an increase, thus indicating growing sell pressure Based on data from Santiment, addresses of various sizes were accumulating Bitcoin [BTC] over the last few weeks. This accumulation could have played a role in the recent BTC rally. The accumulation also indicated that not […]
Bitcoin (BTC) Price Prediction 2025-2030: Say toodles to BTC bears
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject After the release of encouraging US inflation data, the price of bitcoin increased by 4% over the previous 24 hours and nearly reached $19,000. The price has increased […]
Bitcoin [BTC] price breaks short resistance, drives 13% of supply into profit
Whales’ transaction count for BTC has been on the increase in recent days. 13% of BTC circulating supply is in profit due to a current price move. The price of Bitcoin [BTC] rose over the past five days from 8 January to 12 January. When the market closed on 12 January, the price had increased […]
Bitcoin: U.S. Inflation, debt crisis, and more might threaten BTC’s 2023
Bitcoin is in the accumulation zone according to the BTC pricing model. Demand for BTC experiences a recovery as hopes for a recovery bloom. Bitcoin [BTC] investors are going through renewed hope for a long-term recovery. As such, it is important to juxtapose those expectations with an economic outlook. Perhaps this might help gauge whether […]