Bitcoin Ready To Break Trough $24K, Vital Signs Provide Clues
2023年2月1日 - 10:30AM
NEWSBTC
Bitcoin (BTC) has slowed recently, with price action relying on
previously recovered support areas to continue its uptrend and
outstanding performance since the beginning of the year. Lately,
there have been more expectations of BTC breaking into new levels
and reaching yearly highs. Related Reading: Ethereum Reaches
Critical Inflection Point Against Bitcoin: What Happens Next?
Despite the slowdown in Bitcoin’s price action, some indicators
suggest that it may be on the verge of a significant upside along
with the market sentiment. This upside trend may result in a new
bull run as investors return to the cryptocurrency market en
masse. Bitcoin Fuels Up For The Long Ride The chart below
shows investors are again betting and optimistic about the crypto
market, despite a persistent downside trend. The latter is in the
rearview mirror for investors and financial institutions.
According to a report from ByteTree, Exchange Traded Funds (ETFs)
have seen a sharp increase in their holdings. Not just one, but
three different ETFs have added over 1,465 Bitcoins this
month. This indicates that the crypto industry’s market
sentiment has changed since the beginning of 2023, despite crises
like the bankruptcy of FTX, Three Arrows Capital, and the recent
feud between Gemini and Genesis. Together, retail and wealthy
investors are fueling BTC’s rally. The chart below shows that the
number of addresses holding Bitcoin has grown significantly over
the past month. The number of addresses holding 0.1+ coins, often
associated with retail investors, hit an all-time high (ATH) of
4,217,261, according to Glassnode data. The previous all-time
high for addresses was reported on January 11, 2023, by Glassnode,
with an amount of 4,217,135 addresses holding the flagged currency.
In the chart above, shared via a tweet from “Altcoin Sherpa,” there
are see similarities in the current market price action and the
daily chart of Bitcoin, after the fall from its all-time high of
$69,000, months of accumulation and sideways price action and the
start of momentum before a full take off to reclaim the previous
high with expectations to break to new levels and explore new
territories. Related Reading: Polkadot (DOT) Price Moves Closer To
Crucial Support, What’s Next? Is This Enough For A BTC Price Rally?
Currently, Bitcoin is trading at $23,150, up slightly in the last
24 hours after a small pullback to regain strength and aim for the
next target of $23,800. Bitcoin is barely up in profits in the last
seven days, with 0.8% up in the sheets. According to a
recent report by NewsBTC, Bitcoin could see further downside
correction if the currency fails to clear the $23,250 resistance
level, which can result in a failed attempt to further lean on the
support line near the $22,650 zone.
Polkadot (COIN:DOTUSD)
過去 株価チャート
から 11 2023 まで 12 2023
Polkadot (COIN:DOTUSD)
過去 株価チャート
から 12 2022 まで 12 2023