{"id":15669,"date":"2021-06-08T05:22:22","date_gmt":"2021-06-08T05:22:22","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=15669"},"modified":"2021-06-08T05:23:46","modified_gmt":"2021-06-08T05:23:46","slug":"news-commentary-1379-bitstil-signs-of-btc-bullish-momentum","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=15669","title":{"rendered":"News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?!"},"content":{"rendered":"

Just a couple of days ago BitStil<\/a> platform (reviewed here<\/a>) brought us news from the cryptocurrency market with a brief analysis of the price of bitcoin and its further movements. By the way, this analysis hints at a quick upward movement<\/strong> based on several metrics under consideration, but at the same time at the moment (as you can see) the price went down<\/strong>.<\/span><\/span><\/span><\/p>\n

\"\"<\/a><\/p>\n

Click this LINK<\/a> to watch the videos!<\/p>\n

*Apparently, it is worth paying attention to the $30,000 zone<\/strong>. In case of a breakdown downward, we can indeed drop even to $20,000 for a short time<\/strong>, which will be very extreme and “painful” for many investors.. But a rebound from $30,000 is also possible and further we see the bullish rally will continue. We’ll see very soon what happens next (1 to 2 days).. <\/span><\/span><\/span><\/em><\/span><\/p>\n

Meanwhile, the news from BitStil<\/a>:<\/span><\/span><\/span><\/p>\n

\n
\n
\n
The Bitcoin price sell-off is losing steam<\/div>\n<\/div>\n<\/div>\n
\n

As Bitcoin’s price shows new signs of bullish momentum, data from various on-chain indicators suggests that the current sell-off is reaching an end.<\/p>\n

Bitcoin has entered a consolidation phase following its May 19 crash from $42,600 to $30,000 on Coinbase. The flagship cryptocurrency recovered its losses quickly and reclaimed $40,000, but it failed to log a clear bullish breakout above this resistance level, and at the time of writing, the price remains pinned below $40,000.<\/div>\n
 <\/div>\n
The latest price action in the Bitcoin (BTC) market has been, at best, choppy, with traders showing no clear indication of their short-term bias. Some analysts have predicted that if the BTC\/USD price does not break above $40,000, it may very well fall to as low as $20,000 in the coming days.<\/div>\n
 <\/div>\n
Interestingly, a handful of on-chain indicators tell a different story. One of the most interesting themes holding Bitcoin’s bullish bias intact is witnessing long-term holders and accumulation addresses stacking more BTC during the recent price dip.<\/div>\n
 <\/div>\n
Furthermore, a metric known as the “Bitcoin Entity-Adjusted SOPR” (spent output profit ratio) shows that the market is no longer selling Bitcoin at a loss on aggregate.<\/div>\n
 <\/div>\n
Meanwhile, on-chain data shows that exchanges saw a decline in their reserves, a signal that traders have been withdrawing their digital assets to cold wallets or depositing them into decentralized finance (DeFi) liquidity pools for more lucrative returns.<\/div>\n
 <\/div>\n
While the short-term perspective may be tilted toward bears, the following three on-chain indicators hint that Bitcoin’s price could be in the process of bottoming out.<\/div>\n
 <\/div>\n
The correction in Bitcoin’s price resulted in three kinds of reactions in the spot market. The first involved panic-selling by short-term traders who sold Bitcoin to minimize their losses, probably because they bought the cryptocurrency near its top. <\/div>\n
 <\/div>\n
The second reaction involved HODLERs who decided to hold on to their exiting Bitcoin supply. They showed a long-term conviction in Bitcoin’s bullish bias against supportive macroeconomic fundamentals \u2014 such as ultra-low interest rates, poor yields on government bonds, inflation fears and a declining U.S. dollar \u2014 that made hedging assets like Bitcoin look attractive to HODL.<\/div>\n
 <\/div>\n
The third reaction was a mix of HODLers and accumulators, with traders utilizing the Bitcoin price dip to buy more of the cryptocurrency at a “discount.”<\/div>\n
 <\/div>\n
Various on-chain indicators show a huge contrast between the Bitcoin reserves held by short-term holders and long-term holders during the price crash.<\/div>\n
 <\/div>\n
Meanwhile, coins that remained unspent for one to three months and three to six months also changed addresses in the wake of the recent price crash.<\/div>\n
 <\/div>\n
Another Glassnode metric dubbed “Bitcoin: Total Supply Held By Long-Term Holders” shows that long-term holders \u2014 entities that hold Bitcoin for more than six months \u2014 became the largest beneficiaries of the tokens sold by the short-term holders.<\/div>\n
 <\/div>\n
The net Bitcoin reserves held by cryptocurrency exchanges have also declined in the past seven days, showing that fewer and fewer traders now want to sell their Bitcoin holdings.<\/div>\n
 <\/div>\n
Join BitStil<\/a> and bring your life quality to a whole new level!<\/strong><\/p>\n

<\/a><\/div>\n<\/div>\n<\/blockquote>\n

*********************************<\/p>\n

If one of the paying programs on our Monitor appeals to you, please support EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n

EN web Support Chat<\/strong> | Hyips and Crypto questions \u2013 HyipChatEN<\/a><\/strong><\/p>\n

Telegram Chat for Crypto and Hyip reports: @HyipChatEN<\/a><\/strong><\/p>\n

*********************************<\/p>\n

Be the first to get most important HYIP news everyday!
Simply Follow EN Facebook<\/strong><\/a>, EN Telegram<\/strong><\/a>, EN Twitter<\/strong><\/a>
or Subscribe to EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n

If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Just a couple of days ago BitStil platform (reviewed here) brought us news from the cryptocurrency market with a brief analysis of the price of bitcoin and its further movements. By the way, this analysis hints … News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?!<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":10864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4190,4192,4191,4869,5325],"class_list":["post-15669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bitstil-hyip","tag-bitstil-news","tag-bitstil-scam-or-paying","tag-bitstil-2","tag-bitstil-pro-refemilynews","exalt-entry"],"yoast_head":"\nNews Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?! - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=15669\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?! - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Just a couple of days ago BitStil platform (reviewed here) brought us news from the cryptocurrency market with a brief analysis of the price of bitcoin and its further movements. By the way, this analysis hints … News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?!Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=15669\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-08T05:22:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-08T05:23:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emilynews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emilynews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=15669\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=15669\",\"name\":\"News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?! - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=15669#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=15669#primaryimage\"},\"thumbnailUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl.jpg\",\"datePublished\":\"2021-06-08T05:22:22+00:00\",\"dateModified\":\"2021-06-08T05:23:46+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=15669#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=15669\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=15669#primaryimage\",\"url\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl.jpg\",\"contentUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl.jpg\",\"width\":200,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=15669#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/emilynews.com\/blog\/#website\",\"url\":\"https:\/\/emilynews.com\/blog\/\",\"name\":\"EmilyNews\",\"description\":\"EmilyNews Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/emilynews.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\",\"name\":\"Emilynews\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"caption\":\"Emilynews\"},\"url\":\"https:\/\/emilynews.com\/blog\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?! - EmilyNews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/emilynews.com\/blog\/?p=15669","og_locale":"en_US","og_type":"article","og_title":"News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?! - EmilyNews","og_description":"Just a couple of days ago BitStil platform (reviewed here) brought us news from the cryptocurrency market with a brief analysis of the price of bitcoin and its further movements. By the way, this analysis hints … News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?!Read more","og_url":"https:\/\/emilynews.com\/blog\/?p=15669","og_site_name":"EmilyNews","article_published_time":"2021-06-08T05:22:22+00:00","article_modified_time":"2021-06-08T05:23:46+00:00","og_image":[{"width":200,"height":200,"url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl.jpg","type":"image\/jpeg"}],"author":"Emilynews","twitter_card":"summary_large_image","twitter_image":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl.jpg","twitter_misc":{"Written by":"Emilynews","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/emilynews.com\/blog\/?p=15669","url":"https:\/\/emilynews.com\/blog\/?p=15669","name":"News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?! - EmilyNews","isPartOf":{"@id":"https:\/\/emilynews.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/emilynews.com\/blog\/?p=15669#primaryimage"},"image":{"@id":"https:\/\/emilynews.com\/blog\/?p=15669#primaryimage"},"thumbnailUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl.jpg","datePublished":"2021-06-08T05:22:22+00:00","dateModified":"2021-06-08T05:23:46+00:00","author":{"@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33"},"breadcrumb":{"@id":"https:\/\/emilynews.com\/blog\/?p=15669#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/emilynews.com\/blog\/?p=15669"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/?p=15669#primaryimage","url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl.jpg","contentUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl.jpg","width":200,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/emilynews.com\/blog\/?p=15669#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/emilynews.com\/blog"},{"@type":"ListItem","position":2,"name":"News Commentary #1,379 \u2013 BitStil | Signs Of BTC Bullish Momentum..?!"}]},{"@type":"WebSite","@id":"https:\/\/emilynews.com\/blog\/#website","url":"https:\/\/emilynews.com\/blog\/","name":"EmilyNews","description":"EmilyNews Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/emilynews.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33","name":"Emilynews","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","caption":"Emilynews"},"url":"https:\/\/emilynews.com\/blog\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/15669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15669"}],"version-history":[{"count":0,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/15669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/media\/10864"}],"wp:attachment":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}