Market Analysis

Bitcoin’s (BTC) price has seen massive gains in recent months as the price of Bitcoin accelerated from $11,000 to nearly $62,000. However, such impressive rallies also include relatively calm periods of price action.  These periods are consolidative and are needed for the market to find a new floor. In bull markets, bullish continuation is likely
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The price of Bitcoin (BTC) is consolidating between the $55,000 to $59,000 range, establishing the mid-$50,000 region as a support area. This trend coincides with strengthening on-chain fundamentals, such as whale and address activity. Since the Bitcoin rally began to accelerate in November 2020, the seven-day average active address has increased in tandem. A pseudonymous
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Bitcoin (BTC) has continued to challenge the status of legacy markets as the market capitalization of the digital asset surpassed the combined market cap of Visa and Mastercard ($871 billion). Bitcoin’s $1.15 trillion market capitalization has also overtaken the combined value of JPMorgan Chase, Bank of America and the Industrial and Commercial Bank of China, which
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