Currencies35124
Market Cap$ 3.94T-5.21%
24h Spot Volume$ 103.18B+47.7%
DominanceBTC55.06%+0.97%ETH11.76%-3.11%
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Is the Worst Over for Bitcoin? BTC Price Flashes Bullish Signal


by Olivia Stephanie
for CryptoPotato
Is the Worst Over for Bitcoin? BTC Price Flashes Bullish Signal

TL;DR:

  • Bitcoin’s RSI divergence shows weakening downside momentum, hinting at a potential shift toward potential recovery.
  • Short-term holders offloaded 30.9K BTC to exchanges, taking realized losses worth about $3.3 billion.
  • Persistent negative exchange netflows point to accumulation, reducing supply available for immediate selling pressure.

Bullish Divergence on the Chart

Bitcoin is showing early signs of a possible reversal after its latest decline. The price has fallen from above $114,000 to around $111,500, making lower lows. At the same time, the Relative Strength Index (RSI) has moved higher, forming a bullish divergence on the 2-hour chart.

Read the article at CryptoPotato

Read More

BTC at Crossroads: $112K to Glory or Exit Liquidity Trap?

BTC at Crossroads: $112K to Glory or Exit Liquidity Trap?

Bitcoin (BTC) hovers near $112K, with analysts warning of a breakout to highs or a sh...
Sharpe vs Sortino: The Data Proving Bitcoin Outperforms Gold Despite Volatility

Sharpe vs Sortino: The Data Proving Bitcoin Outperforms Gold Despite Volatility

Despite gold's 39% YTD gain, Bitcoin recorded superior Sharpe and Sortino ratios, ind...

Is the Worst Over for Bitcoin? BTC Price Flashes Bullish Signal


by Olivia Stephanie
for CryptoPotato
Is the Worst Over for Bitcoin? BTC Price Flashes Bullish Signal

TL;DR:

  • Bitcoin’s RSI divergence shows weakening downside momentum, hinting at a potential shift toward potential recovery.
  • Short-term holders offloaded 30.9K BTC to exchanges, taking realized losses worth about $3.3 billion.
  • Persistent negative exchange netflows point to accumulation, reducing supply available for immediate selling pressure.

Bullish Divergence on the Chart

Bitcoin is showing early signs of a possible reversal after its latest decline. The price has fallen from above $114,000 to around $111,500, making lower lows. At the same time, the Relative Strength Index (RSI) has moved higher, forming a bullish divergence on the 2-hour chart.

Read the article at CryptoPotato

Read More

BTC at Crossroads: $112K to Glory or Exit Liquidity Trap?

BTC at Crossroads: $112K to Glory or Exit Liquidity Trap?

Bitcoin (BTC) hovers near $112K, with analysts warning of a breakout to highs or a sh...
Sharpe vs Sortino: The Data Proving Bitcoin Outperforms Gold Despite Volatility

Sharpe vs Sortino: The Data Proving Bitcoin Outperforms Gold Despite Volatility

Despite gold's 39% YTD gain, Bitcoin recorded superior Sharpe and Sortino ratios, ind...