Bitcoin Reaches Longest Stretch Ever Without A Bull Run
Sponsored
Sponsored
Bitcoin is known for its explosive price movements — both bullish and bearish. However, Relative Strength Index data suggests the top cryptocurrency by market cap has gone the longest stretch ever without a bullish impulse. Just how long has it been since the last time BTCUSD was fully bullish? And how does this data compare to past bear markets? Reliving The Thrill Of Past Bitcoin Bull Markets Bitcoin price is retesting $30,000 per coin and bulls are hoping it holds. If it does, yet another higher high could provide further confirmation to onlookers that an uptrend is forming. By definition,
The price of Bitcoin has been on quite the run since mid-April, finding its way from beneath the $85,000 mark to as high as $104,700 over the past month. The largest cryptocurrency market enjoyed a positive shift in investor sentiment and a fresh influx of capital, especially through the BTC…
The cryptocurrency market remains in a bullish phase, but on-chain data suggests caution, according to a new analysis published by CryptoQuant. The blockchain analysis firm noted that the cycle could be nearing its peak if investor sentiment reaches enthusiastic levels as Bitcoin continues to attract significant capital inflows. CryptoQuant’s analysis…
According to a recent CryptoQuant Quicktake post by contributor burakkemeci, Bitcoin (BTC) is beginning to show signs of a trend reversal after weeks of downward movement. Notably, BTC surged past $100,000 yesterday for the first time since February 3. Bitcoin On The Verge Of Trend Reversal? At the time of…