您现在的位置是:Bitcoin price retests $29,300: consider this key metric >>正文
Bitcoin price retests $29,300: consider this key metric
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛79665人已围观
简介Bitcoin price has broken above $29k, testing the $29,300 zone.On-chain data shows BTC holders are in...
- Bitcoin price has broken above $29k, testing the $29,300 zone.
- On-chain data shows BTC holders are increasingly betting long on the asset.
- A macro sentiment indicator suggests Bitcoin price is poised for a parabolic move.
Bitcoin rose more than 4% on Monday to break above $29,300 again, with data showing the gains come amid a rising count of BTC holders.
The week ahead is expected to be huge for the market in terms of the economic data releases. But even as the broader market awaits the US consumer price index report, Santiment says most trader in the Bitcoin market are increasingly looking at the asset as a long-term bet.
💰 There is a rising rate of #Bitcoin #hodlers as traders seem to have become increasingly content in keeping their bags unmoved for the long-term. We saw a similar trend from January, 2021 through April, 2021 when $BTC rose above $64k for the first time. https://t.co/xrwNhcqVLo pic.twitter.com/wYFBsx6Css
— Santiment (@santimentfeed) April 9, 2023
It’s a trend likely to buoy a new upside momentum for bulls.
Bitcoin price indicator in focus – the aSOPR
According to Bitcoin analyst Ali on Twitter, BTC is primed for a parabolic ride given the outlook of one of Bitcoin’s macro market sentiment indicators.
In a price forecast he sharedas BTC entered last weekend in a tight range around $28k, the analyst pointed to the Adjusted Spent Output Profit Ratio (aSOPR). The potential movement is still in play as Bitcoin crossed above $29k again on Monday.
“Another Bitcoin indicator hints at explosive growth! Historically, aSORP (90d) below 1 signals a bear market, & above 1 signals a bull market. In 2015, 2019 & 2020, it led to 6,110%, 150%, & 579% gains. aSORP recently moved above 1, suggesting $BTC readies to go parabolic,” the analyst noted.
BTC/USD currently trades around $29,200 and bulls will want to have the stubborn supply zone at $30k locked up with a major breakout performance.
If not, the consolidation seen in the past several weeks and a possible dip below the range is likely.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/327187.html
相关文章
HBAR Foundation launches environmental conservation initiative with $100M Fund
Bitcoin price retests $29,300: consider this key metricThe HBAR Foundation was created last year by distributed ledger firm Hedera HashgraphDovu will be th...
阅读更多
UK might need a digital pound after FTX collapse, BoE Deputy Governor says
Bitcoin price retests $29,300: consider this key metricBank of England’s deputy governor Jon Cunliffe has said that there may be a need for a digital...
阅读更多
Ethereum price: ETH looks to shatter $2,500
Bitcoin price retests $29,300: consider this key metricEthereum has reached a new high of $2,486, with the Berlin hard fork just hours awayThe price of Eth...
阅读更多