Bitcoin price falls below $29K, no surprise given volatility and liquidity metrics
Key Takeaways Bitcoin has softened fallen from $30,000 to close to $28,000 Our head of research looks into the data, arguing the move should not be a surprise Bitcoin’s fixed supply and lack of dividends or earnings means price is entirely demand-driven Thin liquidity in the Bitcoin market exaggerates every move, with 45% of stablecoins […]
Bitcoin on-chain metrics are now bullish: Bitfinex
Bitfinex market report points to bullish metrics for BTC Supply in Profit, Bitcoin Realised HODL (RHODL) Multiple and Reserve Risk ratio are all flashing green. Bitcoin has traded to above $23k again after slipping on Monday following broader market reaction to economic news. Bitcoin is trading around $23,360 at the time of writing, about 2.4% […]
This analyst relies on on-chain metrics to support a Bitcoin price (BTC/USD) rally
Bitcoin rose to $17,000 on Monday. InvestAnswers thinks BTC is about to become bullish based on realised value. The token faces resistance at $19,000 and 50-day MA. Bitcoin price (BTC/USD) was up marginally on Monday as most cryptocurrencies made slight recoveries. BTC was back to $17,000 even as data by crypto derivatives exchange Deribit showed […]
How Does it Rank Tuesday on Long-Term Trading Metrics?
Shiba Inu receives a strong long-term technical score of 71 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, SHIB holds […]