• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

Types, Use Cases and Why They Matter

2025-05-24

What’s the Real Difference for Beginners?

2025-05-24

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    Types, Use Cases and Why They Matter

    2025-05-24

    What’s the Real Difference for Beginners?

    2025-05-24

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21
  • Market Cap
  • Shop
Crypto Semantic
Home»Bitcoin»Bitcoin moves past $28k, is BTC ready to go on a bullish spree?
Bitcoin

Bitcoin moves past $28k, is BTC ready to go on a bullish spree?

2023-10-19No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

  • BTC breached the $ 27,900 mark, which led to the anticipation of massive good points.
  • Brief-term holders could also be again in revenue.

Bitcoin [BTC] may be in for a bullish pivot within the close to time period if the predictions of well-known on-chain sleuth Ali Martinez have been to be trusted.


Learn Bitcoin’s [BTC] Worth Prediction 2023-24


Is Bitcoin prepared for a bull market?

The king coin rose to almost $30,000 earlier this week after an unverified declare by a preferred information platform went viral. Though it retreated from the highs, Bitcoin consolidated within the $28,000 zone and hasn’t slipped under, per knowledge from CoinMarketCap.

Nonetheless, of explicit curiosity have been the degrees that Bitcoin breached within the dramatic episode. As per an X publish dated 18 October, Martinez highlighted that the world’s largest cryptocurrency broke by the “essential psychological benchmark” of $27,900.

He went on to state that if BTC manages to remain above this degree, bullish market forces would get emboldened.

Supply: @ali_charts/Glassnode

Significance of the extent

The crucial worth level highlighted was the short-term holder price foundation or the Brief-term Holder Realized Worth (STH RP). The STH RP calculates the typical worth at which Bitcoin was bought by buyers who held their holdings for lower than 155 days.

It has traditionally served as a dependable help degree throughout robust uptrends. It is because earlier breaches of this degree injected appreciable bullish power into Bitcoin.

The STH RP, subsequently, has been a barometer of market sentiment. A risk of beforehand underwater short-term holders tasting revenue implied a decisive shift towards a bull market.

See also  Bitcoin's correlation with Wall Street rises: Good news or bad?

As of this writing, nearly 12% of Bitcoin’s complete circulating provide was within the arms of short-term holders.  Nonetheless, since these gamers are the primary to reply to market volatility, their conduct exerts an even bigger affect on Bitcoin’s worth actions. Lengthy-term holders (LTH) alternatively keep unmoved throughout intermittent bouts of rallies and crashes.

Supply: Glassnode


Is your portfolio inexperienced? Take a look at the BTC Revenue Calculator


The market sentiment was within the stability, as per the newest replace from the Worry and Greed Index. With bears and bulls locked in an in depth tussle, key worth factors as mentioned above might be the important thing to speculating on Bitcoin’s subsequent strikes.

Bitcoin Worry and Greed Index is 52. Impartial
Present worth: $28,492 pic.twitter.com/EJdXHexJYg

— Bitcoin Worry and Greed Index (@BitcoinFear) October 19, 2023



Source link

28k Bitcoin BTC Bullish moves ready Spree
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin vs. Altcoins: What Are The Differences?

2025-02-26

What Can You Buy with Bitcoin? Everything You Need to Know

2025-02-14

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

How Many Satoshis are in a Bitcoin? A Guide to BTC’s Tiny Units and Their Role

2024-11-04
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Analysis

Whale Moves Over $504,000,000 in Ethereum in One Massive Transfer – Here’s Where the Crypto Is Now

2023-05-03

An enormous crypto whale unloaded practically $505 million value of Ethereum (ETH) to Binance in…

Altcoins

MakerDAO could climb to $1700 — Here’s what bulls can expect

2023-09-21

Journalist Posted: September 22, 2023 Disclaimer: The knowledge introduced doesn’t represent monetary, funding, buying and…

Analysis

Near-Term XRP Price Rally Of 270% Is Imminent: Crypto Analyst

2023-11-07

The XRP value has seen a robust uptrend in current days, demanding consideration from buyers…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Bitcoin On-Chain Signal of Early Stage Bull Markets Now Showing Up, Says Analytics Firm Glassnode

2024-02-12

Kraken Head of Strategy Says Four Main Catalysts Likely To Boost Crypto in 2024

2024-07-15

Registered Funds Want Exposure To BTC

2024-01-03

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$108,231.00-0.19%
  • ethereumEthereum(ETH)$2,516.15-1.59%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.32-0.84%
  • binancecoinBNB(BNB)$665.93-0.28%
  • solanaSolana(SOL)$174.03-1.00%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 108,279.01
ethereum
Ethereum (ETH) $ 2,517.13
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.32
bnb
BNB (BNB) $ 666.22
solana
Solana (SOL) $ 174.08
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.223836
cardano
Cardano (ADA) $ 0.743469
tron
TRON (TRX) $ 0.271979