Bitcoin Price in Jeopardy? Beware of this Warning from On-Chain Metrics!
Deciphering the Impending Fate of Bitcoin: Surge or Deep Correction?
Key Points
- Bitcoin’s price trajectory is nearing a critical point, influenced by a key on-chain metric.
- The long-term realized cap can determine if Bitcoin maintains bullish momentum or enters a correction.
Bitcoin’s price is approaching a crucial inflection point, guided by an important on-chain metric.
The long-term realized cap, an indicator of market strength, is nearing a significant threshold. This level has historically been a determinant of whether Bitcoin maintains its bullish momentum or enters a long-term correction.
Significance of the Long-term Realized Cap
Analysts are keeping a close eye on this zone. If it holds, it could boost confidence in the current cycle. However, a breakdown might indicate a broader shift in market dynamics.
So, what exactly is the long-term realized market cap?
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects
Chinese cryptocurrency analyst phenomenon Murphy evaluated the latest status of Ethereum in his statement. Here are the details.
Skipped Bitcoin Cash? Qubetics ($TICS) Could Be Your Redemption Ticket – Top Cryptos for Significant Returns
The crypto market has been on fire lately. With the spotlight shifting to new and innovative blockchain projects, everyone’s eyes are on which cryptos will make waves this year.Bitcoin Cash: A Missed Opportunity for Significant ReturnsQubetics: Revolutionizing Digital Finance with Real-World Asset TokenizationConclusion: Time to Act on Qubetics
BTC Short Position by ETH Whale Nears $332M
A crypto whale boosts their BTC short position to $332M, facing losses and potential short squeeze risk.Whale Boosts BTC Short Position Amid Market VolatilityRisk of Liquidation LoomsStrategic Buy Orders Placed
Pakistan Launches Crypto Council Led by Finance Minister
Pakistan forms Crypto Council to boost blockchain and crypto adoption, chaired by Finance Minister Muhammad Aurangzeb.Pakistan Takes a Bold Step Toward Crypto AdoptionFinance Minister to Lead the InitiativeFocus on Innovation and Financial Inclusion
Trending news
MoreCrypto prices
More
