Bitcoin Sellers Exhausted, Accumulators HODL The Line
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Bitcoin supply-side dynamics and on-chain indicators look to be as strong as ever, but macroeconomic headwinds remain for legacy and risk assets. The below is an excerpt from a recent edition of BitcoinLinux PRO, BitcoinLinux‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Analyzing On-Chain Bottom Indicators In this week’s dashboard release, we highlighted some key on-chain metrics we like to track. In this article, we want to walk through more of those in detail. Across bitcoin’s short history, many on-chain cyclical indicators are
Bitcoin (BTC), which rose above $117,000 last week with the FED’s interest rate cut decision, started the new week with a decline. With Bitcoin falling to $112,000, these declines suggest that declines could deepen further in September, which has historically been known as the weakest month of the year. At…
As Bitcoin (BTC) takes a brief breather after creating a new all-time high (ATH) above $125,000, on-chain data shows that three key indicators played a major role in the digital asset’s latest rally to new highs. These Three Indicators Suggest More Room For Bitcoin According to a CryptoQuant Quicktake post…