Bitcoin Stalls: Bullish Momentum Hinges On Reclaiming Key Metric, Expert Says

Quick Summary:

Following Bitcoin’s price swings witnessed in the past weeks, a crypto expert has predicted a potential resurgence of bullish momentum in the short term.

However, the crypto asset must recover a certain level in order to unlock the next significant price surge.

He pointed out that a positive sentiment around BTC was recently triggered by the spot price going past the $62,500 cost basis for the STH group.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: STH Datascope Btc Btcusd BTCUSDT Bitcoin News CryptoQuant Bitcoin Short-Term Holder MVRV Bitcoin Kyle Doops Short-Term Holder

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 06:00:44 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22993466

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 18 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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