Bitcoin [BTC] strikes careful balance with the ascent of these two metrics

Bitcoin’s total address count has been on an incline recently Supply on exchanges has also appreciated, with BTC’s price breaching its January highs Bitcoin’s [BTC] meteoric ascent has allowed it to re-visit and even break beyond its January high on the price front. In fact, the king coin has been more volatile than usual due […]

t. Over the last two months alone, an additional 1.7 million addresses have been added – A hike of about 4%.What these observations reveal is that the crypto’s price volatility did not exactly deter new investors from acquiring a position in Bitcoin.After a brief bout of volatility which saw BTC oscillate over and under the $25,000-level, at the time of writing,

was trading at $26,057. This, after the world’s largest cryptocurrency appreciated by almost 30% in the last 6 days alone.The aforementioned bullishness was evidenced by BTC’s price charts on the daily timeframe. Both the Relative Strength Index and the MACD projected an uptrend, one supported by the placement of the Moving Average too.

Here, it’s worth noting that the RSI had a reading of 67 at press time. Simply put, the RSI was on its way to the overbought zone – A sign of the market’s bullishness.

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