bitcoin resistance
-
Bitcoin aSOPR Retests Bear-Bull Junction, End Of Resistance?
- January 17, 2023
- Posted by: Bogdan
- Category: bitcoin, Bitcoin aSOPR, Bitcoin Bull-Bear Junction, bitcoin resistance, BTC, btcusd
No CommentsData shows the Bitcoin Adjusted Spent Output Profit Ratio (aSOPR) is retesting the historical bull-bear junction. Will a break be found this time? Bitcoin aSOPR Is Currently Doing Another Rest Of 1.0 Level As per the latest weekly report from Glassnode, a successful retest here could suggest a meaningful regime shift in the BTC market.
-
Bitcoin Nearing Retest Of Realized Price, Will Bulls Break Resistance This Time?
- October 31, 2022
- Posted by: Bogdan
- Category: bitcoin, bitcoin bulls, Bitcoin Realized Price, bitcoin resistance, Bitcoin Retest, BTC, btcusd
Data shows Bitcoin is now approaching another retest of the realized price, will the bulls be able to blow through the resistance this time? Bitcoin’s Recent Upwards Momentum Has Brought It Near Realized Price Again As pointed out by an analyst in a CryptoQuant post, BTC has spent a total of 138 days under the
-
Bitcoin aSOPR Profit-Loss Junction Continues To Act As Resistance
- September 23, 2022
- Posted by: Bogdan
- Category: bitcoin, Bitcoin aSOPR, bitcoin bear market, bitcoin resistance, Bitcoin Spent Output Profit Ratio, BTC, btcusd
On-chain data shows the Bitcoin aSOPR profit-loss junction has continued to act as resistance to the price of the crypto. Bitcoin aSOPR Bounces Back Down From The Breakeven Line As pointed out by an analyst in a CryptoQuant post, the aSOPR value equal to ‘1’ line has been acting as resistance for around 185 days
-
Will The Bitcoin Short-Term Holder Breakeven Point Act As Resistance Again?
- July 31, 2022
- Posted by: Bogdan
- Category: bitcoin, bitcoin resistance, Bitcoin short-term holders, Bitcoin STH SOPR, BTC, btcusd
On-chain data shows the Bitcoin short-term holder SOPR is approaching the “breakeven” value, a point that has acted as resistance for the crypto’s price in the past. Bitcoin Short-Term Holder SOPR Surges Up And Approaches A Value Of “1” As pointed out by an analyst in a CryptoQuant post, the selling pressure from the short-term
-
The Bitcoin Resistance Level That Just Won’t Budge
- April 6, 2022
- Posted by: Bogdan
- Category: bitcoin, bitcoin price, bitcoin resistance, BTC, btcusd
Bitcoin has hit a roadblock in its recent upward trajectory. After the digital asset had successfully broken above $47,000, it had been subsequently beaten down by the bears. This was a result of an important resistance point that proved impossible for bitcoin to beat at the time. It continues to struggle with this point even
-
The Level To Beat For Bitcoin To Register Another Bull Rally
- March 25, 2022
- Posted by: Bogdan
- Category: bitcoin, bitcoin price, bitcoin resistance, BTC, btcusd
Bitcoin remains on a positive recovery trend. One that could very well see it beat the coveted $45,000 resistance point. This price level remains the level to beat for the digital asset as this is where bears continue to mount the most resistance. Bitcoin had tested this level in the early hours of Friday but
-
Why Bitcoin Bulls Must Hold Current Position Or Risk A Drop To $36,000
- February 8, 2022
- Posted by: Bogdan
- Category: bitcoin, Bitcoin bears, bitcoin bulls, bitcoin resistance, BTC, btc price
Bitcoin has now solidified its position in the bull trend. With each recovery trend has come a risk of reversal though, which makes a strong point for bulls to continue to hold the value up. In times like this, a small slip-up can end up being devising for the value of the asset causing it