I'm a crypto trader and analyst, passionate about diving into the world of digital currencies. I spend my days analyzing market trends and studying chart
Last bull run buying opportunity for long term holders before #Halving .You will never see them again on upcoming price.
Market is bearish, whales are selling hard and creating buying opportunity for 2025. If you will buy the alt's dip then nobody will stop you to become millionaire in 2k25. So think wisely and fill you bags with dca. And after april your becoming millionaire journey will be started.
If you want me to tell you guys buying zones of alt coins before #Halving then let me know in the comments. I'll share 50x, 100x and 1000x potential coins one by one in my posts. Remember I'll share them according to your response on this post. #Write2Earn
Bitcoin Bloodbath: How Low Will The King Of Crypto Crawl Before Its Roaring Return?
Bitcoin, the leading cryptocurrency, finds itself at a critical juncture as several key metrics point towards a possible price downturn.
Over the past few weeks, Bitcoin has experienced a downward trend, with its value plummeting below the $42,000 mark after briefly touching $48,000 on January 11th.
Caution Signals Flash As Crypto Metrics Shift One of the prominent metrics signaling caution is the Fear and Greed Index, which currently stands at 52, reflecting a neutral sentiment in the cryptocurrency market. However, historical patterns indicate that when the index enters the greed zone, a price correction often follows.
Further exacerbating concerns is the Network Value to Transactions (NVT) Ratio. This ratio, which serves as a measure of asset valuation, has seen a significant surge recently, implying a potential overvaluation of the cryptocurrency.
Such a development raises questions about the sustainability of the current price levels and invites scrutiny regarding a possible correction.
Adding to the apprehension, Bitcoinâs trading volume has witnessed a decline, indicating waning investor interest. CoinMarketCap data reveals diminished trading activity, suggesting a cooling off period for the cryptocurrency.
This sentiment is echoed by Glassnodeâs findings, which show a substantial increase in BTC deposits on exchanges. The influx of coins being deposited signifies mounting selling pressure on the cryptocurrency, further fueling concerns of a potential price decline.
Bitcoin Massive Sell-Off From Investors Compounding the cautious outlook, Bitcoinâs aSORP (average Spent Output Profit Ratio) has dipped into negative territory. This indicates that a larger number of investors are selling at a profit, which often acts as a bearish signal and may suggest the possibility of a market top.
Turning attention to the derivatives market, Bitcoinâs taker buy/sell ratio currently leans towards selling sentiment, as denoted by its red status.