March 8, 2021

Market and Financial News Aggregator

Why one Bitcoin on-chain analyst is short-term bearish on BTC price, for now By Cointelegraph

1 min read

Why one Bitcoin on-chain analyst is short-term bearish on BTC price, for now

Ki Young Ju, the CEO at CryptoQuant and an on-chain analyst, says (BTC) is neutral to short-term bearish for the time being.

There are two major indicators that have been useful in spotting trend reversals in the ongoing bull cycle.

BTC: Coinbase Premium Index (blue). Source: CryptoQuant
Stablecoin inflows. Source: CryptoQuant
Bitcoin price chart with key lines. Source: TradingView.com, CJ