Stop worrying about the Bitcoin 200-week moving average, says SwellCycle.
While these have so far not beaten previous bear markets, this is no reason to fear the worst, Superswell continued.
“From an on-chain perspective, this is business as usual *so far* for a macro bottom and bear market,” he wrote.An example came in the form of percent volume in profit — a chart showing what portion of transaction volume involved coins moving at a higher price than they did last time. Currently trending down, the metric needs to begin an uptrend — a series of higher swing lows and swing higher highs, which Superswell says would “confirm a macro reversal.”Bitcoin percent volume in profit annotated chart. Source: Superswell/ TwitterGlassnode itself meanwhile also targeted profit and loss, which superswell described as “*the* invisible hand” in the market, for macro cues this week.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bitcoin, Ethereum Technical Analysis: BTC Races to 3-Week High on Monday – Market Updates Bitcoin NewsBitcoin was trading above $17,000 on Monday, as the world’s largest cryptocurrency raced to a three-week high.
Lire la suite »
Bitcoin's Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022 – Mining Bitcoin NewsAt block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022.
Lire la suite »
Bitcoin at Discount to 200-Day Moving AverageBitcoin is trading at a discount of 22% to its 200-day moving average. Meanwhile, the S&P 500 has topped its 200-day average amid a sharp slide in the dollar index. Chart of the Day breaks down the data, presented by cryptocom:
Lire la suite »
Bitcoin Lags as Unwinding of 'Fed Trade' Lifts US Stocks Above 200-Day AverageBitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets. By godbole17
Lire la suite »
Bitcoin analysts eye weakening US dollar as BTC price fights for $17KBTC price takes on $17,000 into the weekly close with Bitcoin analysts eyeing U.S. dollar weakness.
Lire la suite »
BTC price levels to watch as Bitcoin holds $17K into the market openBTC price has the potential to head higher still after three-week highs, Bitcoin traders hope.
Lire la suite »