Bitcoin’s 7% drop to $64k: A setback or setup for $70k?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 68%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Bitcoin's [BTC] decrease might have provided a one-shot opportunity for market participants. But this might only be the case if the

decrease might have provided a one-shot opportunity for market participants. But this might only be the case if the historical trend of the STH-SOPR repeats itself.

“Even minor shocks have been significantly affecting the profitability of short-term holders. This suggests that adequate deleveraging has taken place, which could be indicative of “price support” in the data.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin price falls back below $64k after four straight days of ETF outflowsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Bitcoin at $70K: Here’s why whales are refusing to sell so highDespite the opportunity for profit, Bitcoin whales chose to maintain their HODLing stance with BTC, refraining from selling their holdings.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin whales accumulate as price coils near $70k – pre-halving breakout or breakdown?The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Bitcoin rushes past $65K as Powell hints policy shift: Next stop $70K?Bitcoin surges past $65,000 following Powell's statement on interest rate peak, signaling potential reductions.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin: Small holders are hoarding; BTC to $70K again?With the increase in prices, smaller Bitcoin addresses commenced accumulating BTC. Will BTC cross $70,000 in the future?
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin price back above $70k as ETF inflows fuel push toward a new ATHThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »