during market uptrends, spot prices consistently exceed the cost basis of increasing coin supply, indicating profitability. To smooth fluctuations, a 90-day EMA is applied to total Supply in Profit [BTC]. Rising 90-day EMA indicates positive momentum, depicted as a 🔵 oscillator. Positive values signal supply in profit growth over 30 days. Advanced analysis focuses on oscillator magnitude and divergences, especially around cycle extremes. It more in profits now as #BTC Moves above $47,000.
By Crypto Australia
By Crypto Australia
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By Crypto Australia
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, gave a rejection from the Resistance but Daily market structure is still bullish at that point. Currently, we've a long huge candle which trying to break and close above the zone of resistance around $46,680 - $47,200. This weekly close is important to us, as it may drive through the next resistance zone around towards $52,400 and a close below will lead into a healthy retracement in the market.
By Crypto Australia
#BITCOIN on Weekly TF, gave a rejection from the Resistance but Daily market structure is still bullish at that point. Currently, we've a long huge candle which trying to break and close above the zone of resistance around $46,680 - $47,200. This weekly close is important to us, as it may drive through the next resistance zone around towards $52,400 and a close below will lead into a healthy retracement in the market.
By Crypto Australia
🚀Bitcoin's latest surge to $48k has had a significant impact on the market, allowing holders of 90.5% of all BTC in circulation to sell at a profit.
📈For comparison, Ethereum had a similar figure of 84.7%, while XRP had almost 80%, which also reflects a positive trend in the crypto market as a whole.
🪙Despite the rise in prices, there is a tendency among investors not to rush to sell their BTC, which may indicate long-term investment intentions of the majority of holders.
By Crypto Australia
📈For comparison, Ethereum had a similar figure of 84.7%, while XRP had almost 80%, which also reflects a positive trend in the crypto market as a whole.
🪙Despite the rise in prices, there is a tendency among investors not to rush to sell their BTC, which may indicate long-term investment intentions of the majority of holders.
By Crypto Australia