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Bottom Signal? Bitcoin, Ethereum Profitability Hit Three-Month Lows

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With the prices of digital assets such as Bitcoin and Ethereum falling in the last week, investors are now moving their coins at a loss for the first time since December. Could this signal a bottom for the digital assets?

Bitcoin, Ethereum Profitability Falls To 2023 Lows

Bitcoin’s fall from above $ 25,000 to the $ 21,000 level last week dragged the coin’s profitability down with it. Given this, Santiment notes that investors in these two digital assets are beginning to move their coins at a loss once more.  Read more...

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Bitcoin Ends 2022 With 55% Of Supply In Loss, But Is It Enough For Bottom?

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On-chain data shows Bitcoin is about to end 2022 with a peak supply in loss of 55%. Here’s how this value compares with previous bottoms.

Around 55% Of Total Bitcoin Supply Has Been Underwater Recently

As per CryptoQuant’s year-end dashboard release, this metric reached a value of 60% during previous bottoms. The “supply in loss” is an indicator that measures the percentage of the total circulating Bitcoin supply that’s currently carrying some loss.  Read more...

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Is The Bitcoin Bottom In? A Look At 10 Years Of Performance

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Bitcoin has been in existence for less than two decades but its performance has already cemented it as a formidable force to be reckoned with. Over the years, the digital asset has been able to outperform established asset classes multiple times, especially the bull market part of its cycles. Looking back, bitcoin’s yearly performance has also shown to point toward the bottom of the market. In this report, we take a look at the last decade of the performance of bitcoin.  Read more...

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Why Bitcoin Drawdown May Still Not Be Painful Enough For Bottom

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The Bitcoin supply in profit metric could hint that the current bear market hasn’t been painful enough yet for the cyclical bottom to be formed.

Bitcoin Supply In Profit Has Plummeted To 45% Following Crash

As pointed out by an analyst in a CryptoQuant post, all the historical bottoms took place when the profit in supply dipped below 40%.

The “supply in profit” is an indicator that measures the percentage of the total Bitcoin circulating supply that’s currently in some profit.  Read more...

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Where Will The Bitcoin Price Bottom?

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September’s CPI release comes in hot and sparks one of the most volatile days we’ve seen yet. The BM Pro team’s thoughts on where a bitcoin low price could be.

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.  Read more...

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Is The Bottom In For The Bitcoin Price?

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After the September FOMC meeting, Bitcoin Magazine Pro recaps the medium-term thesis for bitcoin and how to think about the looming macro volatility.

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.  Read more...

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Is The Bitcoin Price Bottom In? Here’s What Hash Ribbons Tell Us

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The bitcoin price tends to be cyclical, and we’re all trying to time the bottom. Can hash ribbons be the metric that predicts it?

The question of whether the bitcoin price bottom is behind us is on the minds of many investors who are poised with the challenge: buy the dip or wait for a bigger one?

Financial predictions are seldom accurate, and that reality echoes in the bitcoin market as well. But since BTC trading typically follows four-year cycles of bull and bear markets, as the peer-to-peer currency navigates its way through its adoption cycle, many still try to time bitcoin tops and bottoms when making allocation decisions.  Read more...

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Bitcoin Supply Still Not Underwater Enough For Historical Bear Bottom Zone

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On-chain data shows the Bitcoin supply in loss is still around 48%, which is lesser than the values observed during past bear market bottoms.

About 52% Of The Total Bitcoin Supply Is In Profit At The Moment

As pointed out by an analyst in a CryptoQuant post, BTC may see further decline before a bottom is in as more than 50% of the supply is still in profit.

The “supply in profit” is an indicator that measures what part of the total Bitcoin supply is currently being held at some profit.  Read more...

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Trump’s Economy Boosts Bottom 10 Percent of the American Population

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White House Economic Adviser Larry Kudlow believes the U.S. economy is booming under Donald Trump and the data supports it. Kudlow appeared on Fox Business where he expressed frustration that the mainstream media and certain “individuals running for higher office” were attempting to paint the economy as being in a recession. How Right Is Kudlow? […]

The post Trump’s Economy Boosts Bottom 10 Percent of the American Population appeared first on CCN Markets

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Adamant Capital: BTC Price Bottom Is Likely In, Accumulation Phase Has Begun

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Price Graph

Bitcoin fund Adamant Capital is convinced that the bottom of the bear market is in, and true to its name, the firm has laid out an unwavering case for this position with some persuasive hard data and fundamental analysis.

The report, authored by Adamant founders Tuur Demeester and Michiel Lescrauwaet, argues that bitcoin is undervalued at its current price, mirroring sentiments held in Adamant’s 2012 and 2015 reports during bitcoin’s previous downtrends. Weak hands were shaken out in November of 2018, it says, and this capitulation has laid the groundwork for the next market cycle.  Read more...

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Trade Alert: Maker (MKR) Double Bottom Confirmed

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Cryptocurrency investors rejoiced Friday as the market closed out the week with a notable surge led by both positive Bitcoin ETF news and Litecoin (LTC) surging over 30%. Across the board, an increasing number of altcoins from Binance Coin to TomoChain appear to be decoupling from Bitcoin (BTC) and starting their own bull rallies. One […]
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Bitcoin Price Oversold, May Have Found a Bottom: Bloomberg Analyst

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By CCN.com: A new analysis in Bloomberg suggests that the Bitcoin bottom is somewhere around $ 3,000 or $ 3,100. Using the GTI Global Strength Technical Indicator, the analysis says that Bitcoin is probably oversold at this point. [The indicator] for Bitcoin is nearing oversold levels, clocking in at 35.6. That’s the lowest level since December. Bitcoin

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Bitcoin Price Not Oversold at $3,000? Analyst Says Bottom is Not In Just Yet

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Over the past 24 hours, the valuation of the crypto market has slightly dropped from $ 123 billion to $ 121 billion as the Bitcoin price fell below the $ 3,600 level. Affected by the short-term drop in the price of Bitcoin, some major crypto assets including Ethereum, Bitcoin Cash, and Litecoin recorded losses in the range of

The post Bitcoin Price Not Oversold at $ 3,000? Analyst Says Bottom is Not In Just Yet appeared first on CCN

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Willy Woo Is Using This Indicator to Find Bitcoin’s (BTC) Bottom

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Willy Woo, an independent crypto analyst with a notable following on Twitter, doesn’t believe that Bitcoin (BTC) has yet seen its bottom during this bear market. In a recent tweet, Woo revealed that he is currently tracking on-chain transaction volume volatility as an indicator. However, he believes the current data points to more pain ahead […]
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Research Firm Charts Unspent BTC and Calls a Market Bottom in Q1 2019

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Research Firm Charts Unspent BTC and Calls a Market Bottom in Q1 2019

“How many unspent bitcoins exist?”

“How many bitcoins have been lost?”

“How many bitcoins are left sitting in wallets, and how does this affect price?”

If any (or all) of these questions have ever popped into your head, you’re in good company: They’ve crossed the minds of analysts at Delphi Digital, the self-named “research & consulting boutique specializing in the digital asset market.”

The firm just released research on the current state of the bitcoin market, and they believe they’ve forecasted a potential bottom for its declining prices (FYI, they think it’s coming sometime in Q1 of 2019, but more on that later). Delphi Digital gave us an early peek at the report before announcing it on social media January 10.  Read more...

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Tone Vays Is 85% Certain Bitcoin (BTC) Hasn’t Hit True Bottom

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Last October, Tone Vays, the former Wall Street trader and current crypto figure, made headlines after announcing his first trade of the year when Bitcoin was priced at roughly $ 6,400: a 5x leveraged short position for March 2019 expiry with a price target of $ 5,000. After the successful trade, Vays has yet again gone public with a […]
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Fred Wilson: Crypto Bottom Close But Not a ‘Safe Haven’ for Stock Market Downturn

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Legendary venture capitalist Fred Wilson says 2019 might be a “doozy,” leading investors to be cautious. Cryptocurrency markets won’t be a “safe haven” amidst global uncertainty but: “There will be signs of life in crypto land in 2019.” Wilson believes the U.S will see a change in presidents this coming year. This will affect the … Continued

The post Fred Wilson: Crypto Bottom Close But Not a ‘Safe Haven’ for Stock Market Downturn appeared first on CCN

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Crypto Market Added $45 Billion in 10 Days, is Bitcoin Close to a Bottom?

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Since December 15, within a ten-day span, the cryptocurrency market added $ 45 billion to its valuation as Bitcoin surpassed $ 4,200. Many analysts are generally positive on the short-term price trend of Bitcoin heading towards the year’s end, confident that the dominant cryptocurrency has established a bottom. Prospect of Bitcoin Currently, Bitcoin and the vast majority

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Bitcoin Found Solid Bottom at $3K But Not Ready to Break $5K Yet

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Since December 17, within four days, the Bitcoin price recovered from $ 3,181 to $ 4,073 by 28 percent on most major fiat-to-crypto exchanges. But, on a 30-day basis, the value of the dominant cryptocurrency still remains down about nine percent from $ 4,400 and still has to surpass resistance levels above the $ 4,400 mark to confirm a

The post Bitcoin Found Solid Bottom at $ 3K But Not Ready to Break $ 5K Yet appeared first on CCN

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