Bitcoin

<ul class="news-points"> 
 <li>Bitcoin reserves on exchanges are dropping while prices gradually move higher.</li> 
 <li>The shorts also appear to have capitulated, said analyst @martypartymusic.</li> 
 <li>There is a possibility of Bitcoin “going to the moon” from here, said the analyst.</li> 
</ul> 
The price of Bitcoin appears to be nearing a bullish breakout, according to a prominent crypto analyst on social media platform X (formerly known as Twitter). Notably, the leading digital asset has been unable to reclaim its $70,000 price level since making a <a href="https://coinedition.com/bitcoin-breaks-73k-amid-swelling-inflows-across-newly-launched-etfs/">new all-time high of $73,000</a> earlier in March.&nbsp; 
In the X post, analyst @martypartymusic<a href="https://twitter.com/martypartymusic/status/1772044519242142130" target="_blank" rel="nofollow"> pointed out</a> that the Bitcoin “shorts appear to have capitulated” and there is a possibility of prices “going to the moon.”&nbsp; 
The data shared by the analyst suggests that traders who had been betting on the price of Bitcoin to decrease (shorting it) have closed their positions en masse. There is a possibility of a short-term increase in the price of Bitcoin as these shorts cover their positions by buying back Bitcoin, adding to the buying pressure in the market. 
Another<a href="https://twitter.com/martypartymusic/status/1772055540031697393" target="_blank" rel="nofollow"> chart</a> posted by the analyst showed the correlation between Bitcoin reserves on exchanges and the Bitc…
The post <a href="https://coinedition.com/bitcoin-is-due-to-an-uptick-in-price-action-indicators-show-analyst/">Bitcoin Is Due to an Uptick in Price Action, Indicators Show: Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Is Due to an Uptick in Price Action, Indicators Show: Analyst

Coin Edition

2024年3月25日公開の他の記事

Terraform Labs Co-founder Do Kwon Freed from Jail in Montenegro

Robert Kiyosaki predicts $100k Bitcoin by September

Bitcoin Sees the Single Biggest Accumulation Days After Much Time

Binance (BNB) and Solana (SOL) Made Millionaires in 2017, Crypto Analyst Predicts New ‘Black Acco...

California Leads in Responsible AI Procurement Overhaul

Akita Inu (AKITA) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

ニュースレターを購読して暗号資産の最新情報を毎日入手！