Stories tagged “Cryptoquant.”
5 stories
Bitcoin is attempting to reclaim its 20-month simple moving average (SMA) at $87,165, a critical "inflection frontier" that historically precedes new all-time highs, according to CryptoQuant.
Analysts at CryptoQuant say Bitcoin is out of its bear market, citing movements similar to those in previous cycles. The coin is currently up 22% over a seven-day period and has seen a surge in spot demand and institutional ETF buying.
Bitcoin has entered the early stages of a new bull market after a 24% rally pushed key onchain and demand indicators into bullish territory, according to CryptoQuant. The analytics firm's Bull Score jumped to 80 from 30 over the past week, hitting its highest level since …
Bitcoin slipped to around $62,000 after rebounding from last week's $57,700 low, while CryptoQuant sees improving demand, seasonality, and valuation supporting further gains.
Bitcoin fell below $60,000 and moved closer to a key cost-basis level, but CryptoQuant says demand is too weak to support a rebound.