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Onchain Data Suggests BTC Might Turn Bullish Soon (Bitcoin Price Analysis)

Onchain Data Suggests BTC Might Turn Bullish Soon (Bitcoin Price Analysis)

Bitcoin volatility continues. After falling below $ 46,000 on Monday, BTC was able to recover sharply, marking Tuesday’s high above $ 49.3,000 at the time of writing. Looking at the following chart, the middle line

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Bitcoin Price Analysis: Despite the Bearishness, Onchain Might Suggest a Supply Shock

Bitcoin Price Analysis: Despite the Bearishness, Onchain Might Suggest a Supply Shock

According to Reuters, the Russian central bank wants to ban investments in cryptocurrencies in the country. Following the bearish news, the price of Bitcoin fell to nearly $ 48.5,000 in the spot market. In the

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China’s Crackdown Spurs Massive Onchain Transfers, Cold Wallets Move $3 Billion in Bitcoin and 800K Ether

China’s Crackdown Spurs Massive Onchain Transfers, Cold Wallets Move $3 Billion in Bitcoin and 800K Ether

Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain. On September 26, at around 1:00 a.m. (UTC) 72,999 BTC or $3.1 billion in

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