NewsBTC
Crypto

Bitcoin On-Chain Data Hints Price Breakout Towards $11K

Bitcoin price can break above $10,000 even as it eyes a choppy price action in the weeks ahead. The upside bias takes its cues from the crypto’s on-chain data, including higher buying strength, declining capitulation sentiment, and rising transactional volume. Phi Deltalytics, an independent cryptocurrency analysis portal, sees Bitcoin hitting $11,700 in the coming sessions. […]

Bitcoin (BTC) Roaring Toward Exponential Bull Run, Says On-Chain Analyst Willy Woo
Crypto

Bitcoin (BTC) Roaring Toward Exponential Bull Run, Says On-Chain Analyst Willy Woo

Crypto strategist and influencer Willy Woo says Bitcoin is ready to launch its next exponential bull. In a viral tweet, Woo tells his 132,000 Twitter followers that the king cryptocurrency was primed to ignite a bullish onslaught in March until Covid-19 “killed the party.” But the on-chain analyst’s new model, which signals the possible start […]

NewsBTC
Crypto

Bitcoin’s On-Chain Demand Degrades as Consolidation Range Persists

Bitcoin has seen waning demand over the past several days, with the cryptocurrency slowly inching lower as it continues trading firmly within its long-held consolidation channel. Overnight, the crypto did face some heightened volatility that caused it to dip down to $9,100 before rebounding to over $9,400. In the time since, however, the benchmark digital […]

NewsBTC
Crypto

These On-Chain Indicators are Flashing Warning Signs for Bitcoin’s Strength

Bitcoin’s on-chain indicators are flashing some signs of weakness despite the cryptocurrency’s sharp rebound from its recent lows. BTC has been subjected to some heavy volatility over the past several days, plunging to lows of $8,900 yesterday before rebounding up to the mid-$9,000 region. This price action has simply marked an extension of the multi-month […]

Bitcoin (BTC) On-Chain Metrics Indicate Post-Halving Miner Capitulation Is Over
Crypto

Bitcoin (BTC) On-Chain Metrics Indicate Post-Halving Miner Capitulation Is Over

On-chain data suggests that the dreaded post-halving miner capitulation, which was blamed for big sell-off in the past, is now over as miners begin to promote accumulation. The blockchain analysis platform CryptoQuant says that the Miners’ Position Index (MPI), a metric that provides insights into whether BTC miners are selling or holding their coins, has […]

On-Chain Data Shows Ethereum Usage Has Rocketed, Boosting ETH’s Bull Case
Crypto

On-Chain Data Shows Ethereum Usage Has Rocketed, Boosting ETH’s Bull Case

Ethereum is still down more than 80% from its all-time high, but that didn’t stop cryptocurrency users from adopting the asset more and more. Rafael Schultze-Kraft (@ n3ocortex on Twitter), the chief technical officer of blockchain analysis company Glassnode, recently shared the chart below. It shows that the number of new daily Ethereum addresses with […]