Token

bullish

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/jamie-coutts-highlights-bullish-signal-from-key-bitcoin-metric/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Jamie Coutts Highlights Bullish Signal from Key Bitcoin Metric</a><br></p>
<p style="text-align: justify">Jamie Coutts, the chief <a href="https://en.coin-turk.com/investors-celebrate-bitcoins-promising-rise-as-experts-offer-hope/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> at Real Vision, points out a significant bullish signal from a crucial Bitcoin metric. He observes an increase in the number of active Bitcoin addresses following an eleven-month downward trend.</p>
<h2 id="increase-in-active-addresses">Increase in Active Addresses</h2>
<p style="text-align: justify">Coutts describes the rising number of active Bitcoin addresses as one of the “most important fundamental on-chain metrics.” He emphasizes that this increase will validate the valuation of the Bitcoin network.</p>
<p style="text-align: justify">The analyst suggests that Bitcoin has the potential to rise between $147,600 and $184,500 in this cycle. Currently, Bitcoin is trading at approximately $61,830, reflecting a decline of about 16%.</p>
<h2 id="coutts-expects-continued-growth-in-sui-token">Coutts Expects Continued Growth in Sui Token</h2>
<p style="text-align: justify">Coutts also shares a positive outlook on SUI, the native token of the layer-1 blockchain Sui. He indicates that the token, which has risen over 100% in the last 30 days, may continue its upward trajectory. He adds, “When Bitcoin shows organic network growth and adoption across all metrics, it supports the network’s future.”</p>
<p style="text-align: justify">Noting that Sui’s current price stands at $1.92, Coutts advises investors to consider the influence of market psychology on price movements.</p>
<p style="text-align: justify">In conclusion, the increase in active Bitcoin addresses and the analyst’s price predictions mark significant developments in the <a href="https://en.coin-turk.com/analysts-predict-further-decline-in-cryptocurrency-markets/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/european-central-banks-interest-rate-verdict-disclosed-current-state-of-the-cryptocurrency-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market. Investors can evaluate these metrics to monitor market trends effectively.</p>
<p>The post <a href="https://en.coin-turk.com/jamie-coutts-highlights-bullish-signal-from-key-bitcoin-metric/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Jamie Coutts Highlights Bullish Signal from Key Bitcoin Metric</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Jamie Coutts Highlights Bullish Signal from Key Bitcoin Metric

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