Bitcoin News
By Julie Binoche
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A Market Reset and Recovery. Bitcoin's ability to weather a recent market downturn is making waves in the crypto space.
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Bullish Signals from Bitcoin’s Percent Supply in Profit. Bitcoin’s supply-side metrics also suggest positive momentum.
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Liquidation Heatmaps Confirm $100K Target. The latest liquidation heatmap data from Coinglass also suggests that Bitcoin is poised for upward…
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What’s Next for Bitcoin?. Bitcoin’s current price movement and on-chain indicators are all pointing toward a bullish future.
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Conclusion: Bitcoin’s Path to $108K. Bitcoin’s resurgence from the recent market drawdown and the bullish signs in its on-chain metrics…
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Bitcoin (BTC) has regained its footing after a market drawdown and is now showing signs of a bullish recovery.
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Bitcoin's ability to weather a recent market downturn is making waves in the crypto space. The drawdown during the August 2024 yen carry trade unwind tested Bitcoin's support at…
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The recent bounce off this level on April 8th showed Bitcoin’s strength, with the MVRV (Market Value to Realized Value) metric rising from the support level to 2.
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Bitcoin’s supply-side metrics also suggest positive momentum. The Percent Supply in Profit oscillator, which tracks the proportion of Bitcoin in profit relative to its cost…
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At press time, the 7-day moving average (7DMA) of the Percent Supply in Profit stood at 87%, further confirming that more and more Bitcoin holders are in profit.
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With the $96.6K liquidity cluster already swept up, it’s clear that Bitcoin is gaining momentum.
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The convergence of strong on-chain signals, liquidation heatmaps, and price action all indicate that Bitcoin’s bullish trend is far from over.
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Bitcoin’s resurgence from the recent market drawdown and the bullish signs in its on-chain metrics and liquidation heatmaps suggest that a move to $108K is on the horizon.
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Traders and investors should stay alert for further signals, but the current outlook is undoubtedly positive for Bitcoin’s near-term price action.
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