Rebound

Bitcoin Price Prediction: Analyst Suggests New Year Rebound for BTC

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Bitcoin Price Prediction: Analyst Suggests New Year Rebound for BTC

As the year comes to a close, a prominent analyst believes that Bitcoin could see a rebound in the New Year after experiencing a surge of 4.2% and retesting a key level. Despite reaching a new all-time high of $108,353 in December, Bitcoin has struggled to maintain its price range and has seen a 10.5% … Read more

Bitcoin Could Decline Further Before A Rebound, Here’s Why

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Bitcoin Could Decline Further Before A Rebound, Here’s Why

Bitcoin’s on-chain metric, the Spent Output Profit Ratio (SOPR), suggests that there may be more downside for the cryptocurrency before a rebound occurs. Currently, short-term holders (STH) are selling their coins at a loss, indicating that loss-taking is dominant in the market. The 30-day moving average (MA) Bitcoin SOPR has recently dipped below the support … Read more