cryptd.in

Alternatyvus "LinkedIn", skirtas kriptografiniams talentams

Tracking Bitcoin’s Profit Cycles: Could A New Market High Be Near?

-

pagal

svetainėje

Bitcoin price has seen many cycles over the years, marked by distinct growth phases, peaks, and corrections. To better understand these cycles, a CryptoQuant analyst, using the pseudonym ‘datascope,’ has highlighted the relevance of the UTXO Block Profit/Loss (P/L) Count Ratio Model.

This tool offers unique insights into the balance of profitability and losses among Bitcoin market participants, serving as a lens to examine potential price reversals.

By focusing on various moving averages, this model tracks price fluctuations and shows how profitability shifts within the market over time, offering clues about when new market peaks might form.

Predicting Market Peaks Through Profit And Loss Ratios

Datascope’s analysis highlights the significance of short, medium, and long-term trends captured by 7-day, 30-day, and 365-day moving averages.

This multi-perspective approach is valuable for long-term investors and short-term traders, as it distinguishes between shifts impacting immediate market movements and those affecting longer-term cycles.

The model demonstrates that changes in the profitability ratio are critical for gauging market sentiment and potential price movements.

As Datascope explains, a decrease in overall profitability ratios suggests that short- and medium-term trading strategies may now be more practical, responding to a market less defined by extreme long-term price swings.

One of the key findings from the UTXO P/L model is the behavior of the 30-day profit and loss ratio relative to the 365-day moving average. Datascope noted that when the 30-day ratio rises above the 365-day average, it could signal a new price peak.

Bitcoin UTXO Block P/L Count Ratio. |

In simple terms, crossing short- and long-term profitability lines indicates that investor sentiment is shifting towards more profitable conditions. Price increases have historically followed this occurrence as optimism fuels further buying pressure.

For instance, the analyst pointed out that while economic conditions varied between 2021 and 2022, similar trends were observed in the model during both years, particularly in how the profit and loss ratio used the annual moving average as a resistance line.

Datascope suggests that if the profit and loss metrics consistently stay above the annual average, Bitcoin may be on track to establish new highs.

Bitcoin Market Performance

Meanwhile, Bitcoin is seeing an increase in price following a recent correction that led to the asset’s price falling below $70,000 yesterday.

Bitcoin currently trades for $70,379, down by 0.9% in the past day. Before this decrease, the asset experienced a surge, recording a 24-hour of $71,500.

Bitcoin (BTC) price chart on TradingView

Featured image created with DALL-E, Chart from TradingView

 

Komentarai

Parašykite komentarą

El. pašto adresas nebus skelbiamas. Būtini laukeliai pažymėti *

Naujausi duomenų srautai

Populiarios kategorijos

lt_LT Lietuvių kalba
lt_LT Lietuvių kalba en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Paieška svetainėje

Populiarios istorijos

Žymos

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenRinkimai (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #Bitcoin pagrindai (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #BTitwise (1) #BracebridgeCapital (1) #BRC20Tokenų (1) #BTCįsigijimas (1) #BullishPrediction (1) #BullishSentiment (1) #CKinijos kalnakasyba (1) #CPIPperžiūra (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #C Kriptomanija (1) #CryptoMarket (4) #CryptoPrediction (1) #C kriptografinės prognozės (1) #C kriptografinis reguliavimas (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #C kriptografijos neapibrėžtumas (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECkomercija (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EtereumPain (1) #EthereumPrice (1) #Eksperto nuomonė (1) #FedRateCut (1) #FiatCurrency (1) #Finansinis poveikis (1) #Finansų privatumas (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) 1TP5Investicijos (1) 1TP5Investicijų nuostoliai (1) #Japonijos įmonė (1) #Teisiniai veiksmai (1) #Teisinis poveikis (1) #Teisės aktai (1) #Žaibo tinklas (1) #M rinkos analizė (3) #M Rinkos stebėjimas (1) #M rinkos prognozė (1) #M rinkos prognozės (1) #M rinkos projekcija (1) #MarketSupport (1) #M Rinkos nepastovumas (1) #M santuoka (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) #M Pinigų plovimas (2) #MtGox (4) #NorthKoreaCrypto (1) #NovogratzPrognozė (1) #PriceMilestone (1) #PKainų prognozė (2) 1TP5Kainos klausimas (1) 1TP5Kainų šuolis (1) #PrisonSentence (1) #QuantAnalysis (1) #Reguliacinis spaudimas (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #Techninė analizė (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotencialas (1) #USKongrese (1) #WyomingLand (1) #XRCena (1) #XRPpasirodymas (1)

Naudingos nuorodos

Nuorodos, kurias radau naudingas ir kuriomis norėjau pasidalyti.