BTC Price

This On-Chain “Retest” Screams Of Mid-Cycle Bitcoin Correction, More Highs Ahead

On-chain data may show a retest of a Bitcoin indicator that has happened after mid-cycle corrections in the past. If it’s indeed one, more highs could be ahead. Bitcoin Net Unrealized Profit/Loss Retests A Lower Level As per the latest weekly report from Glassnode, the net unrealized profit/loss indicator has just retested the 0.50 level. The net unrealized profit/loss (NUPL) is a Bitcoin metric that’s based on the difference between the total unrealized gains and the total unrealized losses on the network. With its help, it can become possible to

Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader

Bitcoin Price Prediction: BTC/USD Likely to Trade Above $50,000

Bitcoin Price Prediction – August 22 The Bitcoin price prediction reveals that BTC fails in overcoming $50,000 as the latest rejection drives the coin to a daily low of $48,102. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $54,000, $56,000, $58,000 Support Levels: $44,000, $42,000, $40,000 BTCUSD – Daily Chart BTC/USD is correcting low after touching the daily high of $49,499 and it is likely to start another increase as long as there is no close below $45,500. This past week, the Bitcoin price saw a monthly high

Bitcoin Gets Knocked Back After Fib Rejection

On Sept 20, the Bitcoin (BTC) price was rejected at a critical fib level and dropped sharply the next day. If the price manages to hold on above $10,100, the possibility of bullish continuation remains. Bitcoin Rejected at Important Fib Level The Bitcoin price reached a local high of $11,183 on Sept 19. The high was very close to the 0.618 Fib level of the previous increase. The price was rejected shortly afterward and created a bearish engulfing candlestick on Sept 22. The fact that the price has yet to

Bitcoin Comes to Life in Attempt to Retake $11,000

The Bitcoin (BTC) price reached a local high of $10,940 on Sept 15, but was rejected by an important Fib level resistance and decreased slightly. At the time of press, BTC was making another attempt at breaking out. Bitcoin Gets Rejected Since it reached a local low on Sept 8, Bitcoin has been gradually increasing. The movement can be contained inside a parallel ascending channel inside of which the price is currently very close to the resistance area. In addition, yesterday’s high of $10,940 validated both the resistance line of

With TVL At New Record, The Lightning Network’s Time Has Come

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now!This week, the Lightning Network set a new record for the dollar value held in its payment channels at $12.6 million, according to data shared by Bitcoin Visuals.This metric is also known as the total value locked (TVL) in Bitcoin’s second layer payments solution and demonstrates the amount of money that users have moved into the channels, which let them quickly and efficiently transmit value to one another,

‘DeFi Is the Tesla of Crypto’ – Mike Novogratz

The decentralized finance (DeFi) space has hit the cryptocurrency market like a bull in a china shop. And Galaxy Digital CEO Mike Novogratz is having flashbacks of the 2017 ICO bubble, but that’s not all. Novogratz, a former Wall Street hedge fund manager, in an interview with BNN Bloomberg, drew parallels between DeFi projects and high-flying electric-vehicle maker Tesla, which worries him. That’s because TSLA shares have shot up several hundred percent this year so far and are trading at more than 1,000 times earnings. The gains are coming hand

Bitcoin Above 10000$. Can We Hold THIS?

In this episode, we will look at the evidence in favour of the BTC price staying above the level of 10000$. We will also look at the signals against that. And as usual, we will look at the top Altcoin (Ethereum) that shows great perspective for growth. [embedded content] Source: