APT

Supply dynamics suggest Bitcoin can make a run for $100k if… 

Source Node: https://ambcrypto.com/supply-dynamics-suggest-bitcoin-can-make-a-run-for-100k-if/
Time Stamp: September 14, 2021 4:00 AM - Modified On: September 14, 2021 - Published By:
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Republished By Plato

Bitcoin’s upward trajectory, after getting interrupted by an 18% dip last week, was met with a lot of consolidation. However, as Bitcoin holders looked reluctant to sell-off at a crucial time amid anticipation of a price rise, on-chain metrics offered an interesting insight into the current market sentiment.  Some interesting divergences in BTC’s supply dynamics posed a complex question – Are they projecting bullish or bearish divergences? Ergo, to gauge bullish/bearish signals, it is imperative to weigh the same against market sentiments to understand the crypto’s price trajectory.  Post-halving blast

Bitcoin Price Suddenly Drops by $500 in Seconds to Fill Futures ‘Gap’

Source Node: https://cointelegraph.com/news/bitcoin-price-suddenly-drops-by-500-in-seconds-to-fill-futures-gap
Time Stamp: August 10, 2020 7:13 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) dropped several hundred dollars in seconds on Aug. 10 as $12,000 once more proved too hot to handle. Cryptocurrency market daily snapshot Aug. 6. Source: Coin360BTC price finds new focus at $11,700Data from Cointelegraph Markets and Coin360 showed BTC/USD nosedive 4% during Monday trading, bouncing off $11,500 and since returning to $11,700.In doing so, Bitcoin neatly filled the latest gap in CME Group’s Bitcoin futures markets, which lay just below $11,700. BTC/USD 1-day price chart. Source: Coin360A classic move, Cointelegraph predicted on the day that markets would likely attempt to