In its research, Glassnode divided Bitcoin owners between long-term holders who own coins more than 155 days old, and short-term holders owning coins younger than that. The firm discovered that “once a coin passes our 155 day threshold to become a LTH held coin, it is increasingly unlikely to be spent on a statistical basis, often only coming back to life during volatility and at higher prices in bullish markets.”
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Markets Report: Bitcoin stays skewed to upside, rejecting dip to reach $57K
A dip to $54,400 fizzles and buyer support returns BTC/USD to the crucial resistance zone below all-time highs
Bitcoin kept bulls guessing and bears firmly disappointed on March 12 as a retest of lower levels ended in a strong rebound. Data from price trackers including CoinMarketCap and Tradingview showed BTC/USD rejecting a move towards previous support at $52,000 which began overnight.
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“It remains ‘buy everything that isn’t the dollar’ season. Especially #Bitcoin,” said popular trader Scott Melker (Photo: CoinMarketCap)Markets Report: Bitcoin reaches for $1 trillion asset status after a week of all-time highs
Uninterrupted upside and increasing demand cement a week to remember for hodlers of both Bitcoin and altcoins
Bitcoin is ending one of the more spectacular weeks of both its recent history and its entire existence, still comfortably above $50,000. After gaining almost 10% over the past seven days, Bitcoin has surprised an already bullish crowd of hodlers and dealt an increasing blow to naysayers who remain convinced that a crash is guaranteed.
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bitcoin dipped below $33,000 this morning before climbing back towards $34,000 (Photo: CoinMarketCap)Markets Report: Bitcoin sees record rebound after halting dip at $30,000
No sooner had sellers driven the market to $30,000 support did Bitcoin stage a miraculous recovery, climbing over $6,000 in hours. Did Coinbase/Kraken outages contribute to Monday’s drop?
Bitcoin saw a dramatic rebound on January 12 as a bearish dive to $30,000 came to an abrupt end. Data from CoinMarketCap and TradingView showed BTC/USD attacking levels it had lost in the previous day’s trading on Tuesday, reaching local highs of $36,600. At press time, $33,000 was in play as a potential support level as ranging behavior returned to the market.
