Bitcoin Edges Higher But This On-Chain Indicator Says Wait

Quick Summary:

Bitcoin is firm at press time, finding support from around the $56,300 to $57,000 zone, looking at the performance in the daily chart.

Technically, sellers have the upper hand from an effort-versus-result perspective.

For the short-term trend to change, prices must peel back the losses of September 1.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: Hungary

Topics: Bitcoin Puell Multiple BTCUSDT Bitcoin price Bitcoin Bitcoin News Bitcoin trading Bitcoin bulls

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 15:00:22 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22332840

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 22 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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