Instead of watching the data one by one, you can see many things from the indicators that compile them simultaneously. As the weekend progresses, the price of BTC was at the limit of 120 thousand dollars and XRP Coin was based on $ 3.4. Dog While running to the new summit Ada Coin It accelerated to reach $ 1. We’re going through hopeful hours in Altcoins. What does the Altcoin season index say now on July 9?
Altcoin bull index
Largest Crypto Money ETF and Grayscale, one of the Trüst exporters, here Blackrock Unlike similar companies, it did not come yesterday. For years, they have produced new things in crypto currencies and in the gloomy environments of the bear markets. They have an indices that have been in our lives for a long time. This index is an important indicator for Altcoin bull.
A few hours ago, the Grayscale account was written for the index that gave an alarm on July 9.
“Glassnode’s registered (Altcoin Bull Index) Altseason indicator was triggered on July 9th. This means that the stablecoin supply has increased, the capital flows to $ BTC and $ ETH and at the same time increased the market value of the Altcoin – a structural environment suitable for capital rotation.”
The indicator still points out that we can see more rise. The indicator, which has not yet reached its level in May, may continue until the last year’s election period if it maintains its acceleration. And in this scenario, the subcoins get much larger gains. For now, the bull seems to have started for the Altcoins.
Bitcoin (BTC)
King crypto currency The unit finds buyers on the limit of 120 thousand dollars and at $ 119,800. Moreover, he made a higher bottom in $ 117,453 in the last 24 hours. In other words, after this last rally, it shows that the support zone started to move further. In speculative movements, you do not see it, the price rises rapidly and reverses.
Today, looking at the cost base, Kyle explained how the rise was sitting on a solid ground.
“The fluctuation that lasted for weeks ended with a single candle. BTC broke the resistance and did not look back.
The cost -based heat map shows where real purchases are made:
- $ 93,000 –97,000 $ → big buyers
- $ 104,000 –110,000 $ → Big support
What used to limit the price was now the launch ramp. Base prices were fixed. Next stop? No limits. (Price Discovery Period) “
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
