Bitcoin

<ul class="news-points"> 
 <li><strong>Santiment revealed that on-chain metrics are bullish for Bitcoin (BTC).</strong></li> 
 <li><strong>They also predicted that the market may not undergo a correction in the short term.</strong></li> 
 <li><strong>Meanwhile, a bearish medium-term pattern formed on BTC’s chart, suggesting BTC may be at risk of dropping to $31,400.</strong></li> 
</ul> 
<p>Santiment, the blockchain intelligence platform, revealed in an X post yesterday that the cryptocurrency market may not undergo a correction soon. This follows the recent market revival, which saw <a href="https://coinedition.com/tag/bitcoin-btc-news/">Bitcoin (BTC)</a> and several other cryptocurrencies record dramatic increases in their respective values.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f44d.png" alt="👍" class="wp-smiley" style="height: 1em; max-height: 1em;"> If you're concerned about a <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> retrace, note that <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> still maintains a high pace of active addresses. Additionally, the top market cap asset is seeing a high level of dormant tokens now moving, typically synonymous with <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#bullish</a> conditions. <a href="https://t.co/bvjDL2Shga" target="_blank" rel="nofollow">https://t.co/bvjDL2Shga</a> <a href="https://t.co/NvxKkQpkg8" target="_blank" rel="nofollow">pic.twitter.com/NvxKkQpkg8</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1717584903439884382?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 26, 2023</a>
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<p>According to the post, BTC still maintains a high number of active addresses. In addition to this, the leading cryptocurrency is also seeing a healthy level of dormant tokens now moving. Historically, this has been linked to bullish behavior in th…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/btcs-on-chain-metrics-support-a-positive-short-term-outlook/">BTC’s On-Chain Metrics Support a Positive Short-Term Outlook</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

BTC’s On-Chain Metrics Support a Positive Short-Term Outlook

Coin Edition

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