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Bitcoin BTC Price Has Reached ‘a General Accumulation Phase’: Analyst
Uncategorized

Bitcoin BTC Price Has Reached ‘a General Accumulation Phase’: Analyst

[ad_1] Bitcoin was recently trading at about $26,835, roughly flat over the previous four hours but down 1.2% from Wednesday, same time, according to CoinDesk Indexes. The largest cryptocurrency has…

0 Comments
June 2, 2023
Bitcoin Whales are in Accumulation Mode – Blockchain News, Opinion, TV and Jobs
Blockchain

Bitcoin Whales are in Accumulation Mode – Blockchain News, Opinion, TV and Jobs

[ad_1] By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Despite the bearish price action we have seen over the past year, Glassnode data indicates that Bitcoin…

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January 5, 2023
Bitcoin in Accumulation Phase Despite Macro Headwinds, On-Chain Data Indicate
Uncategorized

Bitcoin in Accumulation Phase Despite Macro Headwinds, On-Chain Data Indicate

[ad_1] The Puell Multiple, a tool that measures one-year revenue growth among bitcoin miners, indicates there's buying interest among investors and, with a reading of 0.5, places bitcoin in a…

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September 5, 2022
Bitcoin retests key $30K support zone as data highlights BTC whale accumulation
Market Analysis

Bitcoin retests key $30K support zone as data highlights BTC whale accumulation

[ad_1] Sentiment across the cryptocurrency market plunged even deeper on May 9 as an escalation in the ongoing sell-off intensified with bears pushing Bitcoin (BTC) to $30,334, its lowest price…

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May 10, 2022
Signs of Bitcoin accumulation suggest BTC’s dip to $45K will be short-lived
Market Analysis

Signs of Bitcoin accumulation suggest BTC’s dip to $45K will be short-lived

[ad_1] The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide pullback during the afternoon session after exhausted bulls were overwhelmed…

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April 4, 2022
Analysts say bulls will aim for $48K now that Bitcoin’s ‘accumulation phase’ has begun
Market Analysis

Analysts say bulls will aim for $48K now that Bitcoin’s ‘accumulation phase’ has begun

[ad_1] Investor sentiment across the cryptocurrency ecosystem has seen a significant shift in the positive direction over the past week, despite events in the wider world. Currently, Bitcoin (BTC) is…

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March 3, 2022
XRP ‘mega whales’ scoop up over $700M in second-biggest accumulation spree in history
Market Analysis

XRP ‘mega whales’ scoop up over $700M in second-biggest accumulation spree in history

[ad_1] Ripple (XRP) addresses that hold at least 10 million native units have returned to accumulating more in the past three months, a similar scenario that preceded a big rally…

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February 21, 2022
Bitcoin’s 30% recovery in two weeks has BTC whales back in accumulation mode
Market Analysis

Bitcoin’s 30% recovery in two weeks has BTC whales back in accumulation mode

[ad_1] Bitcoin (BTC) addresses holding at least 1,000 BTC, the so-called whales, have started accumulating more tokens during the recent market recovery. As of Feb. 10, the total supply in…

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February 13, 2022
Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode
Market Analysis

Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode

[ad_1] New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current…

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January 11, 2022
Bitcoin traders expect $60K by month’s end, marking $45K as ‘accumulation’
Market Analysis

Bitcoin traders expect $60K by month’s end, marking $45K as ‘accumulation’

[ad_1] The bearish pressures facing the cryptocurrency market at the end of 2021 have continued into the first week of 2022 after the price of Bitcoin (BTC) dropped below $47,000 on…

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January 3, 2022
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