USD

AED

AFN

ALL

AMD

ANG

AOA

ARS

AUD

AWG

AZN

BAM

BBD

BDT

BGN

BHD

BIF

BMD

BND

BOB

BRL

BTN

BWP

BYN

BZD

CAD

CDF

CHF

CLF

CLP

CNH

CNY

COP

CRC

CUC

CUP

CVE

CZK

DJF

DKK

DOP

DZD

EGP

ERN

ETB

EUR

FJD

FKP

GBP

GEL

GHS

GIP

GMD

GNF

GTQ

GYD

HKD

HNL

HRK

HTG

HUF

IDR

ILS

IMP

INR

ISK

JMD

JOD

JPY

KES

KGS

KHR

KMF

KPW

KRW

KWD

KYD

KZT

LAK

LBP

LKR

LRD

LSL

LYD

MAD

MDL

MGA

MKD

MMK

MNT

MOP

MRO

MRU

MUR

MRU

MUR

MVR

MWK

MVR

MWK

MXN

MYR

MXN

MYR

MZN

NAD

MZN

NAD

NGN

NIO

NGN

NIO

NOK

NPR

NOK

NPR

NZD

OMR

NZD

OMR

PAB

PEN

PAB

PEN

PGK

PHP

PGK

PHP

PKR

PLN

PKR

PLN

PYG

QAR

PYG

QAR

RON

RSD

RON

RSD

RUB

RWF

RUB

RWF

SAR

SBD

SAR

SBD

SCR

SDG

SCR

SDG

SEK

SGD

SEK

SGD

SHP

SLL

SHP

SLL

SRD

SSP

SRD

SSP

STD

STN

STD

STN

SVC

SYP

SVC

SYP

SZL

THB

SZL

THB

TJS

TMT

TJS

TMT

TND

TOP

TND

TOP

TRY

TTD

TRY

TTD

TWD

TZS

TWD

TZS

UAH

UGX

UAH

UGX

UYU

UZS

UYU

UZS

VES

VND

VES

VND

VUV

WST

VUV

WST

ZAR

ZMW

ZAR

ZMW

ZWL

NewsBTC 2021-09-10 19:00:07

Indicators Show Bitcoin Might Be Gearing Up For One Last Push Up

Some Bitcoin indicators show similarities between the post-ATH price action and current trend, implying that there will be one last push up before a bigger drop. Indicators Might Show Today’s Price Action Is Similar To That After $64.5k ATH As explained by a CryptoQuant analyst, there seem to be many similarities between the Bitcoin indicators of the post all-time-high (ATH) period and that of present day. There are three main metrics of relevance here. The first is the exchange reserve, which shows the amount of BTC currently being held on centralized exchange wallets. Here is how this indicator’s value has changed during the past year: The BTC exchange reserve after the ATH vs today Looking at the above graph, there does seem to be a similarity between the two periods. Both had declining prices as well as declining exchange reserves. Next is the estimated leverage ratio, an indicator that shows how much leverage is used by traders on average. It’s calculated by taking the open interest divided by the exchange reserve. The leverage ratio seems to be plunging down Here too a similarity can be seen as the indicator seems to have sharply dropped down during both present day and the post-ATH period. Related Reading | Why This Investor Fled His Bitcoin Position, Should You Do The Same? Finally, there is the Spent Output Profit Ratio (SOPR), which is calculated by taking the ratio of realized value (in USD) t...

Related News

Pushd Welcomes Aptos and Avalanche Investors to Tr...
19 Apr 2024
Best Play-to-Earn (P2E) Coins to Accumulate During...
19 Apr 2024
SEC Claims Justin Sun’s Extensive US Travels, Swin...
19 Apr 2024
BEFE Coin: The Next Big Cryptocurrency with Soarin...
19 Apr 2024
Bitgert Coin: The Next Big Thing After Bitcoin Hal...
19 Apr 2024
TIA Price Hints A Bullish Reversal! Celestia Price...
19 Apr 2024

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

Indicators Show Bitcoin Might Be Gearing Up For One Last Push Up

Most Read News

Related News