Tag: bitcoin on-chain data

May 04 2022

Bitcoin (BTC) Price Poised For A 10% Jump Soon, Here’s Why

The Bitcoin (BTC) price has finally begun an upside move after its third- largest weekly capitulation in over a year. Despite an upcoming Federal Reserve rate hike, BTC's price has successfully rebounded from the crucial support level of $37,500. With the Bitcoin price currently holding above the $39,000 level, various experts such as The Wolf of...

Apr 08 2022

Bitcoin (BTC) Price Is Set To Rally On These Two Key Factors

Bitcoin (BTC) is currently moving in the $43k-$45 range after plummeting from the $48k level within a week. On-chain data indicates a bullish divergence and a rise in whale activity at current levels. Thus, the Bitcoin (BTC) price could see a strong upward movement from here. At the time of writing, the Bitcoin (BTC) price...

Apr 06 2022

On-Chain Data Suggests Higher ‘Buy The Dip’ Interest In Bitcoin, Is $50k Next?

Bitcoin (BTC) price is currently under consolidation after hitting a 2022-high of $48,086 in March-end. However, there is significant 'Buy...

Apr 05 2022

Here’s How Bitcoin (BTC) Mid-Halving In April May Impact Price Trends

Bitcoin halving is one of the most significant events in the Bitcoin life cycle. A bitcoin halving event happens every four years, which reduces the Bitcoin supply...

Mar 17 2022

On-Chain Data Shows More Bullish Upside For Bitcoin (BTC)

The Federal Open Market Committee (FOMC) announcement of an interest rate hike has seen Bitcoin and the rest of the crypto market trading in the green. The trend may continue according to on-chain data from Santiment. The Bitcoin market had already factored in interest rate spike Following the FOMC announcement, Santiment tweeted that the crypto...

Mar 11 2022

207,000 Bitcoins Have Exited Exchanges From Late July Till Present

Despite the present bearish trend of the market, Bitcoin balances on leading exchanges remain a source of bullish expectations. Glassnode's latest on-chain report notes that aside from a few exchanges, there have been massive outflows of Bitcoin from the market. Bitcoin exchange balances are trending towards relative equilibrium The report, published earlier this week, noted...

Jan 13 2022

Buy or Sell Bitcoin (BTC)? These Charts and On-Chain Metrics Will Help You Decide

The U.S. released its inflation data on Wednesday, January 12, but this doesn't seem to dampen the sentiment for Bitcoin investors as of now. Bitcoin is trading in the green zone as of press time at price levels above $43,700. Whether Bitcoin remains a buy or a sell at this stage remains a big question The post Buy or Sell Bitcoin (BTC)? These...

Jan 05 2022

New On-chain data reveals Bitcoin is well positioned for a bullish takeoff

Bitcoin's price has been trading between a high of around $51,600 to a low of around...

Nov 09 2021

Aug 14 2021

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