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Bitcoin (BTC) Metrics Point To Local Bottom At $49,500 – Details

Bitcoinist LogoBitcoinist10h ago

Bitcoin (BTC) Metrics Point To Local Bottom At $49,500 – Details - Bitcoinist

Quick Summary:

On August 5, it experienced a sharp capitulation event, with the price dropping to a monthly low of $49,577.

Bitcoin is at a crucial point after several days of recovery and consolidation.

While some investors remain skeptical, believing Bitcoin hasn’t reached its bottom yet, key data from CryptoQuant suggests that the worst might be over.

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Bitcoin (BTC) Metrics Point To Local Bottom At $49,500 – Details - Bitcoinist (Picture 1)Bitcoin (BTC) Metrics Point To Local Bottom At $49,500 – Details - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 00:30:10 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 50 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22572333

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 50 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 12 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Bitcoin (BTC) Metrics Point To Local Bottom At $49,500 – Details" was covered 10 hours ago by Bitcoinist, a news publisher based in Hungary.

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The outlet is headquartered in Hungary and publishes an average of 50 news stories per day.

It's most recent story was published 12 hours ago.

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  • News ID: #22572333
  • URL: https://beamstart.com/news/bitcoin-btc-metrics-point-to-17266200861637

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