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Bitcoin [BTC] analyst says bears are not done yet because…The bottom might not be in, as an analyst opined that the bear market could last longer than projected There could be short-term respite due to the indication of a bullish crossover “Bitcoin [BTC]‘s bottom is close” has been the order of the day since the king coin traded at a price of $15,800. However, […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Are BTC HODLers losing faith in exchanges? Recent data suggests…Bitcoin HODLers remove their BTC from exchanges Miners continue to face pressure; however, retail and whale investors start showing an interest in BTC Santiment, in a new tweet dated 27 November, stated that Bitcoin HODLers were switching to self-custody and moving their BTC away from exchanges. At the time of the tweet, only 6.95% of […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin ‘Millionaire’ wallets are going down: Is it a thing to worry about?As the number of Bitcoin millionaires dropped by 80% annually, they are becoming an increasingly rare breed. There are currently just 23,000 BTC wallets with a balance worth $1 million or more, according to the most recent data from on-chain analytics company Glassnode. There were 23,245 BTC wallets with a balance of more than $1 […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Weekend sees low BTC volatility; 2 important levels remain unbeatenDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin managed to recover and climb back above the $16.2k level However, there was no promise of an imminent bullish move Bitcoin faces strong resistance at the $17k mark, which is a psychological round number […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: How these exchange metrics could affect BTC’s performanceBitcoin exchange outflows had not halted, hitting new highs since the past week Miners’ asset flow into exchanges could negatively impact investors’ expectations of recovery Since Bitcoin [BTC] started trading below $16,000, there were several opinions about the condition of the king coin. For some, the bottom is in, and there is no going down […] I wish someone showeddd me this earlierr!
Source: CryptoAmb - 🏆 22. / 68 Read more »