Analysts spot bullish signals in bitcoin’s recent sell-off
The crypto-market correction triggered a purge of leveraged bets, setting the stage for bitcoin’s next advance.Glassnode is a blockchain data and intelligence platform providing insights into cryptocurrency markets.
Analysts spot bullish signals in bitcoin’s recent sell-off
The crypto-market correction triggered a purge of leveraged bets, setting the stage for bitcoin’s next advance.
Peter Brandt sees scope for bitcoin to reach $185,000
Bitcoin could enter “uncharted price territory” if it does not peak in the coming days, says technician Peter Brandt.
Analysts point to ‘healthy market dynamics’ for bitcoin
Bitcoin funding rates remain neutral or negative. That signals “healthy market dynamics,” a CryptoQuant analyst said.
Glassnode Analysts Observe Bitcoin Speculator Capitulation
Researchers at Glassnode suggest a "market reset," considering low NUPL values among short-term holders.
Fear index drops to April levels as analysts see a ‘turning point’ for bitcoin
As bitcoin fell below $109,000, the Fear and Greed Index fell from 44 to 28. An analyst called it a “turning point.”
Glassnode Observes Weakening Demand for Bitcoin
Glassnode analysts have identified the cost basis of short-term holders as a key support level for digital gold.
Glassnode Analysts Warn of Approaching Bitcoin Price Peak
Digital gold continues to adhere to its historical four-year cycle associated with halvings, according to analysts at Glassnode.
Ethereum Surpasses Bitcoin in Growth Rate for the First Time Since 2024
The second-largest cryptocurrency by market capitalization has emerged as the leader in value growth among major cryptocurrencies, according to The Block. Since the beginning of the year, Ethereum’s price has risen by 29%, reaching $4286 at the time of writing. During the same period, Bitcoin increased by 28% to $118,408, as reported by CoinGecko. Why […]
Glassnode Analysts Observe Market Cooling and Liquidity Decline
The drop in the price of the leading cryptocurrency below $116,000 has led to a decrease in market leverage and the profitability of short-term holders’ operations, according to analysts at Glassnode. This occurred after reaching a historic high of ~$123,000 in July, experts noted. A resistance zone formed at this level. Investors who purchased the […]
Bitfinex Analysts Report Decline in Altcoin Demand
The tepid recovery of altcoins following the correction of the leading cryptocurrency has cast doubt on the continuation of the altcoin season, according to analysts at the Bitfinex exchange. On August 3, Bitcoin’s price briefly dipped to ~$112,000. At the time of writing, the price of the digital gold stands at $114,213 (-0.5% over the […]
Researchers Link Cryptocurrency Market Risks to the US Dollar
The price of the leading cryptocurrency remains stuck between support at $116,000 and resistance around $120,000. Ethereum’s momentum is also waning as it approaches the psychological mark of $4,000, according to analysts at QCP Capital. In their view, there is a strong likelihood of new all-time highs in the medium term, driven by institutional capital […]
Glassnode: Low Trading Volume Hinders Bitcoin’s Path to $200,000
The leading cryptocurrency is unlikely to reach the $200,000 mark this year, according to on-chain analyst James Check. Hot new episode off the printer, with @_Checkmatey_ from @_checkonchain We discuss: -How he was able to predict Bitcoin’s ATH breakout-How to approach the current price discovery phase-Early signals that already foreshadow the future bear market-Key Bitcoin […]We use cookies to improve the quality of our service.
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