Bitcoin on-chain analysis shows 'good things are happening' but BTC price gains are not guaranteed as a result.
BTC price gains are not guaranteed as a result, but promising on-chain signals show "good things are happening" for Bitcoin bulls, analysis says.on Oct. 17, Caleb Franzen, senior analyst at Cubic Analytics, drew attention to two moving averages now forming the BTC price battleground.BTC/USD 1-week chart with 200-week SMA, EMA. Source: TradingView
For Franzen, this is an important feature to note on weekly timeframes, and constitutes one of several encouraging characteristics of the BTC/USD chart. Currently around $26,900, much attention has been given to the metric in 2023 thanks to its ability to act as market support.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin price spikes, BTC records 10% gains on false reports over spot ETF approvalBitcoin (BTC) price action on October 16 shows how the market stands in readiness for a positive development when it comes to Spot BTC exchange-traded
Weiterlesen »
BTC price models hint at $130K target after 2024 Bitcoin halvingThe latest readings from several BTC price models demand Bitcoin hit $130,000 by late 2025 after its next halving.
Weiterlesen »
BTC price holds 6% gains as Bitcoin battles for ‘crucial’ $28K supportHow Bitcoin treats $28,000 — a “critical” BTC price point — is key, says a new analysis.
Weiterlesen »
Realistic Bitcoin Price Prediction for the Next BTC Bull RunCrypto Blog
Weiterlesen »
Bitcoin (BTC) Sees This Unusual Happening as Price Nears $29KBitcoin momentarily surged to $30,000 on October 16
Weiterlesen »
Bitcoin (BTC) Whales Are Waking up Massively, Can It Affect Price?Massive return of Bitcoin whales might create some issues
Weiterlesen »