Start Growing Your Portfolio 📈

Bitcoin Indicator That’s Historically Predicted Price Rallies Flashing Bullish Signal

av

Market intelligence platform Santiment has recently reported the activation of a historically high bitcoin bullish signal. Bitcoin indicators are mathematical formulas that analyze and interpret market data to provide traders with valuable insights. These indicators can be categorized into several types, including trend indicators, momentum indicators, volume indicators, and volatility indicators. Each type of indicator serves a specific purpose, helping traders identify trends, momentum, and potential reversals in the market.

Bullish Signal from Bitcoin Indicator Active

New data from market intelligence platform Santiment reveals the activation of a historically bullish signal for bitcoin. The analysis focuses on wallets holding at least 10 BTC, and shows that accumulation by these wallets typically signals a price increase, while selling often precedes extended bear markets.

High-Value Transactions as Predictions are Bullish

Santiment also highlights the importance of high-value transactions (worth $100,000+ or $1 million+) in predicting price reversals. When there is an increase in transactions while prices are rising, it suggests a potential price drop. On the other hand, spikes in transactions during price drops indicate a likely bounce in price.

Whale Investments Impact Market Dynamics

While whale investments can reflect genuine market excitement, they can also occur without a clear reason, significantly affecting market dynamics. These large-scale investments by wealthy individuals or institutions have the potential to cause notable price fluctuations and impact overall market sentiment.

Current Bitcoin Price and Outlook

As of now, Bitcoin is trading at $67,383, reflecting a 1.6% decrease over the last 24 hours. The activation of the bullish indicator and the analysis of high-value transactions provide valuable insights for understanding the current Bitcoin market and its potential future movements.

Source: The Daily Hodl

DCA Strategy Advert
Bitcoin: There is no Second Best

Bitcoin: There is no Second Best

In a recent keynote, Michael Saylor emphasized that "There Is No Second Best" and bitcoin stands alone without any serious competition or alternative. This article distills Saylor's insights on bitcoin's supremacy, its role in digital transformation, and its potential...

läs mer
Mark Yusko: “Bitcoin is the best form of money”

Mark Yusko: “Bitcoin is the best form of money”

In an interview with Cointelegraph, hedgefund manager Mark Yusko, CEO of Morgan Creek Capital, made bold assertions about bitcoin's potential to revolutionize the financial world. He emphasized that bitcoin is not just a cryptocurrency but the best form of money,...

läs mer
Best Time and Day to DCA Bitcoin

Best Time and Day to DCA Bitcoin

What is the best time and day to DCA Bitcoin? This article discusses dollar-cost averaging (DCA) for Bitcoin investment and explores the possibility of optimizing buy times for recurring purchases. Key findings: Daily recurring buys: According to a report by River,...

läs mer
Best Bitcoin Wallets

Best Bitcoin Wallets

Bitcoin wallets are mobile apps or computer programs that make it easy to send and receive bitcoin.  It is very important to be careful when downloading or updating your wallet. Bad actors may promote fake wallets or malicious update notifications. Always verify...

läs mer
Gå med i DCA Letter och missa aldrig uppdateringar:
sv_SE
$200 FREE credit!

$200 GRATIS credit!

Join our newsletter and get free DCA Updates as well as a chance to win $200 free credit to join our membership cheaper! Raffles every month!

Success! Check your email to confirm.

Dela detta