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Key Fundamental Data Suggests Bitcoin May Defy Bears

Key Fundamental Data Suggests Bitcoin May Defy Bears Reading Time: 3 mins read Last weekend, the Bitcoin price fell below the psychologically significant support level of $50,000. Furthermore, the 50 day moving average was breached to the downside and some popular technical indicators – such as the MACD – are flashing bearish warnings. The confluence of downwards price action, bearish signals, and negative news flow (primarily; a rumored US regulatory crackdown and the Turkish ban & double ...
Elon Musk Michael Saylor Drop Brings Return Of Bitcoin Doomsday Still Hope Active Entities Willy Woo

Four Bitcoin on-chain metrics rise to all-time highs suggesting the bull run has just begun

Jan 13, 2021 03:27 GMTCrypto News Bitcoin price correction might be nearing an end as several on-chain metrics hint that the bull run is just getting started. The downswing allowed sidelined investors to get back into the market, creating an opportunity for a new leg up. Bitcoin price retraced more than 20% after hitting a new all-time high of $41,986 on January 8. While the chances of further losses remain high, it might set the conditions for a new influx of capital that ignites a new uptrend...
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