Bitcoin Weekly Forecast: Can BTC bounce back from recent market crash?

📆 9/8/2024 07:11:00
📰 FXStreetNews

⏱ Reading Time:
14 sec. here
4 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 72%

Bitcoin Noticias

Cryptocurrencies,Technical Analysis

Bitcoin (BTC) trades above $60,000 on Friday after a 7.2% decline and a dip below the $50,000 level earlier in the week, following a test of its daily support level at around $49,900 on Monday.

Arkam Intelligence data shows major investors retained their Bitcoin holdings during Monday's sell-off. Bitcoin UTXO loss ratio is similar to the 2020 bull cycle. On-chain data suggests that permanent holder addresses are accumulating BTC despite the recent turmoil. Cryptoquant data shows that futures trading volume hit an all-time high, spot trading volume hit the second-highest ever this week. Bitcoin trades above $60,000 on Friday after a 7.

This indicates accumulation and suggests investor confidence in BTC has led them to purchase recent dips. With this metric reaching new records, it points to a calculated strategy by holders, who see the current price dip as a brief pause in Bitcoin's long-term rise.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Bitcoin Weekly Forecast: Can BTC rebound from the recent market challenge?Bitcoin’s (BTC) price failed to close above $70,000 at the beginning of the week and dropped to $64,000 by Friday.
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »

Bitcoin Weekly Forecast: Will BTC manage to recover from recent market turmoil?Bitcoin (BTC) recovers to $67,000 on Friday after finding support around $63,500 a day before.
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »