Bitcoin continues to hover within the $90,000 price range, producing no significant price movement in the last 24 hours. Meanwhile, a subtle on-chain development is indicating a potential change in market trend. STH SOPR Above 1 — Bullish Rebound Or Fakeout? The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) is a key on-chain metric that…
Tag: bearish
Bitcoin Bearish Case Emerges – Is A Dump To $73,000 Coming?
A new technical analysis on TradingView suggests Bitcoin may be approaching a decisive moment, with a possible breakdown below key support levels. This analysis comes amidst a weakening buying pressure in Bitcoin, which opens up the possibility of a break below a strong support level. If this happens, Bitcoin could see further downside to $80,000…