Bitcoin’s attempt at recovery in the last 24 hours saw a minor setback with the current decline. A lot of BTC has now piled up with no buyers in sight. As a researcher with extensive experience in the cryptocurrency market, I’ve observed with concern the recent setback in Bitcoin’s [BTC] recovery attempt. The minor decline … Read more
AVAX has surged by 3% from a crucial support level at $25.21 Metrics indicates mixed reactions. As a researcher with extensive experience in the cryptocurrency market, I have closely followed the price action of Avalanche (AVAX) and have observed its recent surge of 3% from a crucial support level at $25.21. However, the metrics indicate … Read more
BONK has surged by 17% in the past 24 hours, signaling a continued bullish trend. The increase in trading volume alongside the price surge enforces the strong bullish momentum. As a seasoned crypto investor with a few bear market cycles under my belt, I’ve learned to remain cautiously optimistic during sudden price surges like BONK‘s … Read more
Historical data showed that similar MVRV ratios led to substantial price increases. The 1,140 addresses that bought 35.97 billion tokens at $0.00016 might provide a solid support. As an experienced analyst, I believe that Floki (FLOKI) is currently undervalued based on its MVRV ratio and historical price action. The memecoin’s 30-day MVRV ratio of -36.34% … Read more
The Bitcoin Rainbow Chart showed that investors must “BUY!” more BTC. The sentiment has been bearish in the past two weeks, and further price drops are possible. As a researcher with experience in cryptocurrency markets, I have been closely monitoring Bitcoin’s price action over the past few weeks. The recent retest of the $60k support … Read more
Bitcoin faces pressure amidst Mt. Gox repayments, with experts like Alex Thorn highlighting potential impacts on Bitcoin Cash. Contrasting repayment strategies by Mt. Gox, Gemini, and FTX raised questions about market stability and investor sentiment. As a seasoned crypto investor with several years of experience in the market, I’ve seen my fair share of ups … Read more