Bitcoin analysts map out the key bull and bear cases for BTC’s price action

Cointelegraph

Published Oct 26, 2022 04:42PM ET

Updated Oct 27, 2022 05:40AM ET

Research has detailed Bitcoin’s recent record-low volatility and, while traders expect an eventual price breakout, the Oct. 26 BTC price move to $21,000 is not yet being interpreted as confirmation that $20,000 has now become support.

In a recent “The Week On-chain Newsletter,” Glassnode analysts mapped out a bull case and a bear case for BTC.

Bitcoin transactions of active addresses versus Bitcoin’s price. Source: Glassnode
New non-zero Bitcoin wallets. Source: Glassnode
Bitcoin balance in miner wallets. Source: Glassnode
Bitcoin accumulation trend chart. Source: Glassnode
Bitcoin balance on Coinbase (NASDAQ:COIN). Source: Glassnode
Bitcoin HODL Waves. Source: Glassnode

Continue Reading on Coin Telegraph