Home
/ Insights
Crypto Newsfeed
Master
reply

Bitcoin: Why BTC’s price hasn’t reached the bottom yet

Currently, Bitcoin’s Long/Short Ratio is at 1.48, contrasting with altcoins at 2.55. This indicates that investors exhibit more confidence in altcoins, meaning the market price bottom for Bitcoin hasn’t been reached yet.

Bitcoin has faced heightened volatility, trading between 94,000 USD and 100,000 USD recently. Despite the price fluctuations, long-term holders are showing optimism, demonstrated by a decrease in Coin Days Destroyed.

Bitcoin’s Mayer Multiple stands at 1.25, signaling that BTC is trading favorably above its 200-day moving average. If trends persist, Bitcoin could attempt to break through the 100,000 USD mark again.

This is community-generated content, not advice from ONUS.
heart
reply
share
 
send
ONUS
ONUS
Trusted by
4 Million +
Users
Sign up receive 10$
Trending coin
Top gainers
Price Prediction
How to buy
Research