The Bitcoin price has been testing the $11,400 support area since August 26th. In the near term, two key on-chain metrics could raise the probability of an extended consolidation phase.
The last time Bitcoin repeatedly tested the $11,400 support level was August 12th. At the time, Bitcoin rebounded
According to data from stock-to-flow (S2F) creator PlanB, Bitcoin recorded a 100% gain or more in five of the past ten years.
Bitcoin’s strong long-term performance strengthens the DCA (Dollar Cost Averaging) approach that has enjoyed increased popularity amongst bitcoiners in recent months .
Cost Averaging is More Effective With
The U.S. Federal Reserve chair Jerome Powell gave the much anticipated Jackson Hole speech on August 27th. As strategists expected, Powell addressed inflation and the Fed’s intent to adjust its monetary policy.
Theoretically, the speech should have buoyed the sentiment around Bitcoin and gold. The Fed said it
The U.S. Federal Reserve chair Jerome Powell gave the much anticipated Jackson Hole speech on August 27th. As strategists expected, Powell addressed inflation and the Fed’s intent to adjust its monetary policy.
Theoretically, the speech should have buoyed the sentiment around Bitcoin and gold. The Fed said it
The Bitcoin price has been testing the $11,400 support area since August 26th. In the near term, two key on-chain metrics could raise the probability of an extended consolidation phase.
The last time Bitcoin repeatedly tested the $11,400 support level was August 12th. At the time, Bitcoin rebounded
According to data from stock-to-flow (S2F) creator PlanB, Bitcoin recorded a 100% gain or more in five of the past ten years.
Bitcoin’s strong long-term performance strengthens the DCA (Dollar Cost Averaging) approach that has enjoyed increased popularity amongst bitcoiners in recent months .
Cost Averaging is More Effective With
One of the world’s largest asset managers, Fidelity Investments, is doubling down on its involvement in Bitcoin as the cryptocurrency has continued to gain traction on Wall Street. Forbes reported on Wednesday that the company has filed paperwork with the U.S. Securities and Exchange Commission (SEC) for a
Earlier this year, fears were rife on Twitter of a Bitcoin "miner capitulation" in response to the March price crash and the block reward halving just months later. After the halving, certain analysts argued that the median miner was in the red as long as bitcoin traded below
On-chain data from the market analysis firm Glassnode shows the level of Bitcoin “HODLing” activity has spiked to levels unseen for more than three years.
The number of circulating bitcoin that has not moved for over two years reached 8 million, which suggests more users are holding bitcoin with a
The narrative that China could gain control of the majority over the Bitcoin network’s hashrate has been around for a while. Although many large-scale mining centers are based in China, it is not as simple as taking over all of the miners in the country.
It is extremely complicated,
Bitcoin has been trading above $10,000 USD for around six weeks, demonstrating firm momentum and resilience. It has established the previous $10,500 USD peak achieved in February 2020 as a support level, maintaining an upward trend.
The current market structure is more favorable than previous price cycles because
