BTC price bounces at support that fueled 2023 bull market

📆 18.04.2024 19:16:00
📰 Cointelegraph

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 51%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Bitcoin sees support from a familiar trendline during the latest BTC price relief bounce.

Bitcoin realized price support makes a fresh appearance to continue a classic bull market trend — can BTC price strength escape a historically short correction? on April 18, Julio Moreno, head of research at on-chain analytics platform CryptoQuant, flagged a possible turning point in Bitcoin price downside.According to CryptoQuant data, traders have returned to breakeven point on exchange holdings at $60,000.

An accompanying chart showed profit/loss for short-term holders — Bitcoin entities owning BTC for 155 days or less.“Traders' realized price has acted as support for prices during a bull market and it's now at ~$60K.”So far, only one brief dip below the $60,000 has been encountered since BTC/USD began retracing from new all-time highs in March.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Schreibe Kommentar

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Crypto market begins recovery as Runes gain attention ahead of Bitcoin halvingBitcoin's (BTC) price recovery sparked a price increase across the crypto market on Monday.
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »