CryptoQuant warns of potential Bitcoin correction as profits peak
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CryptoQuant, a cryptocurrency analysis platform, stated that the bull trend in the Bitcoin (BTC) market continues, but the recent rise is beginning to lose momentum, drawing attention to the possibility of a short-term correction. According to CryptoQuant's report, Bitcoin closing above the 365-day moving average last week constitutes a significant technical confirmation that a new bull market has begun. The company's Bitcoin Bull Score Index [……
Bitcoin has dropped to $82,939, almost 4% less in seven days, after the maximum of eight months peaked at $87,251. The prospects of the bull market Bitcoin still remain intact, according to the data analysis company CryptoQuant. Key points Bitcoin has traded to $82,939, in decrease of almost 4% in [...]
Stretched Profits And Cooling Demand Pause Bitcoin Rally
Bitcoin’s recent run may be slowing down — but that doesn’t mean it isn’t in a bull market. That’s according to a new report by data analytics firm CryptoQuant, which said signs of profit-taking were appearing. Bitcoin’s price recently stood at $82,939, down nearly 4% over a seven-day period, after surging to an eight-month high of $87,251 last week. Last week’s surge led CryptoQuant to declare that the coin was in a bull market. The reason: …
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Crypto BriefingCryptoQuant warns of potential Bitcoin correction as profits peak
A potential Bitcoin correction could signal market maturity, highlighting the need for cautious optimism amid speculative rallies and profit-taking. The post CryptoQuant warns of potential Bitcoin correction as profits peak appeared first on Crypto Briefing .
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