Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Maskdao acquires Orb.Club, which unlocks virality in the chain to stimulate the creator economy

2025-06-05

Hong Kong Reading to legalize Bitcoin and Crypto derivatives in PURT to Web3 leadership

2025-06-05

JPMorgan Chase To accept crypto ETF -Subject: BTC Push in Tradfi?

2025-06-05
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Maskdao acquires Orb.Club, which unlocks virality in the chain to stimulate the creator economy

    2025-06-05

    $ 650 million bridged to Solana in May, with $ 400 million contributing to Ethereum

    2025-06-05

    SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

    2025-06-05

    New Solana -Tool repairs the KYC bottleneck

    2025-06-05

    Consensys acquires Web3Auth to reinvent Metamask onboarding

    2025-06-04
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Hong Kong Reading to legalize Bitcoin and Crypto derivatives in PURT to Web3 leadership

    2025-06-05

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03

    Dubai Crypto ambitions rise with Solana and Ripple Moves

    2025-06-03
  • Analysis

    Price slips further, investors on Edge

    2025-06-05

    XRPL is confronted

    2025-06-05

    Analyst says that the Solana-based memecoin institution phase for ‘full parabola’ predicts new of all time for one active

    2025-06-05

    Bitcoin price slips again, which activates new fears for a deeper correction

    2025-06-05

    Circle has been set to exceed the IPO expectations after the overwhelming question of investors

    2025-06-04
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Now that Bitcoin’s price is stagnant, what’s next for the prediction?
Altcoins

Now that Bitcoin’s price is stagnant, what’s next for the prediction?

2023-12-18No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: December 18, 2023


  • Bitcoin selling and buying pressure remained relatively low at the time of writing.
  • The price of BTC fell 4% in the last seven days and the indicators looked bearish.

Bitcoin [BTC] has not shown any notable performance in the past week as the weekly chart has been in the red. According to CoinMarketCapBTC has fallen almost 4% over the past seven days.

At the time of writing, BTC was trading at $41,909.77 with a market cap of over $820 billion.

Investors don’t sell Bitcoin

However, despite the bearish price action, investors seemed confident in the coin, as evidenced by their reluctance to sell. Similarly, Willy Woo, a popular crypto analyst, recently posted a tweet highlighting an important metric.

#Bitcoin investors are waiting for higher prices and are currently unwilling to sell.

SOPR tracks the profits of coins when they are sold to new investors. It rose while the price fell. For this to happen, only investors sell with a significant profit, more recent investors wait. pic.twitter.com/Z18W3V36sV

— Willy Woo (@woonomic) December 16, 2023

He used BTC’s SORP, which tracks the profit of coins when they are sold to new investors. According to his analysis, BTCs investors seemed to be waiting for higher prices, as evidenced by their reluctance to sell.

To check whether investors are holding on to their stocks, AMBCrypto examined other metrics.

According to our analysis, Bitcoin’s supply on exchanges and supply off exchanges were closely linked, meaning there wasn’t much selling or buying pressure at the time of the report.

See also  Will this lead to a bullish price increase?

Bitcoin’s rate also dropped, meaning fewer coins were transferred within a fixed time frame.

Source: Santiment

Our check on CryptoQuant’s facts also revealed that BTC’s binary CDD was green, meaning that long-term holders’ movement over the past seven days was lower than average, showing their willingness to hold.

BTC’s daily transactions have also been low over the past 24 hours.

Source: CryptoQuant

Will Investor Confidence Reflect in BTC’s Chart Soon?

AMBCrypto’s look at BTC liquidation levels revealed that the coin has not seen a massive sell-off below its current value in the recent past. The possibility of a trend reversal cannot therefore yet be ruled out.

If it manages to gain bullish momentum, Bitcoin will face strong resistance around $43,600.

Source: Hyblock Capital

Another positive metric was Bitcoin’s Fear and Greed Index. According to Glassnode’s graph: BTC‘s Fear and Green Index fell and had a value of 67 at the time of writing.


Read Bitcoins [BTC] Price prediction 2023-24


When the measure falls, it indicates that it is entering a ‘fear phase’, which usually signals a trend reversal.

Source: Glassnode

However, the MACD showed a clear bearish crossover on Bitcoin’s daily chart. The Money Flow Index (MFI) also registered a downward trend, which could result in a further decline in the price of the king of cryptos.

Source: TradingView



Source link

Bitcoins Prediction Price stagnant Whats
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum reflects Bitcoin 2020 Breakout Setup – Historic Run Income?

2025-06-05

Price slips further, investors on Edge

2025-06-05

The MSST part of the strategy leads with 5% profits thanks to Bold Capital Moves, Bitcoin’s recovery

2025-06-05

The President Lee van Zuid -Korea reveals why Crypto is a ‘national growth motor’

2025-06-05
Add A Comment

Comments are closed.

Top Posts

Bitcoin question drops: will BTC see further falls?

2025-02-25

Bitcoin and ‘One or Two Layer-Ones’ Will Outperform the Market, Says Matthew Sigel – Here Are His Top Altcoin Picks

2024-09-13

Top 5 NFT Collections to Watch Out For in 2023

2023-10-10
Editors Picks

OneTo11 announces global expansion with new games and P2E educational model

2024-06-05

Star Hedge Fund Manager At 9-year-old Hot Streak Harvests Massive Profit on Trump Bets: Report

2025-04-12

Bitcoin NFT collection Space Pepes is seeing a major surge in activity

2023-05-21

Bitcoin [BTC] Eye repair as CME GAPS signal potential rally – explained

2025-03-01

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Maskdao acquires Orb.Club, which unlocks virality in the chain to stimulate the creator economy

Hong Kong Reading to legalize Bitcoin and Crypto derivatives in PURT to Web3 leadership

JPMorgan Chase To accept crypto ETF -Subject: BTC Push in Tradfi?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,818.37-0.62%
  • ethereumEthereum(ETH)$2,600.79-1.88%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.20-2.44%
  • binancecoinBNB(BNB)$660.06-1.48%
  • solanaSolana(SOL)$151.38-3.80%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.190120-1.55%
  • tronTRON(TRX)$0.2747600.75%
  • cardanoCardano(ADA)$0.68-1.79%
  • hyperliquidHyperliquid(HYPE)$34.84-5.63%
  • suiSui(SUI)$3.14-2.57%
  • chainlinkChainlink(LINK)$13.75-3.14%
  • unus-sed-leoUNUS SED LEO(LEO)$9.203.14%
  • avalanche-2Avalanche(AVAX)$20.08-4.86%
  • stellarStellar(XLM)$0.266555-2.14%
  • bitcoin-cashBitcoin Cash(BCH)$403.12-0.93%
  • the-open-networkToncoin(TON)$3.242.03%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.49%
  • hedera-hashgraphHedera(HBAR)$0.167597-2.05%
  • litecoinLitecoin(LTC)$88.11-2.28%
  • polkadotPolkadot(DOT)$4.03-1.75%
  • moneroMonero(XMR)$327.04-1.71%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • bitget-tokenBitget Token(BGB)$4.65-3.51%
  • daiDai(DAI)$1.00-0.04%
  • pepePepe(PEPE)$0.000012-6.93%
  • piPi(PI)$0.63-3.20%
  • uniswapUniswap(UNI)$6.39-0.66%
  • aaveAave(AAVE)$262.29-4.00%
  • bittensorBittensor(TAO)$373.89-4.71%
  • aptosAptos(APT)$4.82-2.10%
  • crypto-com-chainCronos(CRO)$0.101025-1.16%
  • okbOKB(OKB)$50.220.42%
  • nearNEAR Protocol(NEAR)$2.46-2.38%
  • internet-computerInternet Computer(ICP)$5.11-4.27%
  • ethereum-classicEthereum Classic(ETC)$17.23-1.94%
  • ondo-financeOndo(ONDO)$0.82-2.85%
  • gatechain-tokenGateToken(GT)$19.09-1.10%
  • kaspaKaspa(KAS)$0.084651-3.55%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.212774-2.15%
  • mantleMantle(MNT)$0.66-3.07%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.75-3.08%
  • vechainVeChain(VET)$0.023898-2.66%
  • render-tokenRender(RENDER)$3.80-3.08%
  • ethenaEthena(ENA)$0.311343-7.59%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.78-5.31%
  • worldcoin-wldWorldcoin(WLD)$1.12-3.94%
  • arbitrumArbitrum(ARB)$0.352855-4.35%
  • bitcoinBitcoin(BTC)$104,818.37-0.62%
  • ethereumEthereum(ETH)$2,600.79-1.88%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.20-2.44%
  • binancecoinBNB(BNB)$660.06-1.48%
  • solanaSolana(SOL)$151.38-3.80%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.190120-1.55%
  • tronTRON(TRX)$0.2747600.75%
  • cardanoCardano(ADA)$0.68-1.79%
  • hyperliquidHyperliquid(HYPE)$34.84-5.63%
  • suiSui(SUI)$3.14-2.57%
  • chainlinkChainlink(LINK)$13.75-3.14%
  • unus-sed-leoUNUS SED LEO(LEO)$9.203.14%
  • avalanche-2Avalanche(AVAX)$20.08-4.86%
  • stellarStellar(XLM)$0.266555-2.14%
  • bitcoin-cashBitcoin Cash(BCH)$403.12-0.93%
  • the-open-networkToncoin(TON)$3.242.03%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.49%
  • hedera-hashgraphHedera(HBAR)$0.167597-2.05%
  • litecoinLitecoin(LTC)$88.11-2.28%
  • polkadotPolkadot(DOT)$4.03-1.75%
  • moneroMonero(XMR)$327.04-1.71%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • bitget-tokenBitget Token(BGB)$4.65-3.51%
  • daiDai(DAI)$1.00-0.04%
  • pepePepe(PEPE)$0.000012-6.93%
  • piPi(PI)$0.63-3.20%
  • uniswapUniswap(UNI)$6.39-0.66%
  • aaveAave(AAVE)$262.29-4.00%
  • bittensorBittensor(TAO)$373.89-4.71%
  • aptosAptos(APT)$4.82-2.10%
  • crypto-com-chainCronos(CRO)$0.101025-1.16%
  • okbOKB(OKB)$50.220.42%
  • nearNEAR Protocol(NEAR)$2.46-2.38%
  • internet-computerInternet Computer(ICP)$5.11-4.27%
  • ethereum-classicEthereum Classic(ETC)$17.23-1.94%
  • ondo-financeOndo(ONDO)$0.82-2.85%
  • gatechain-tokenGateToken(GT)$19.09-1.10%
  • kaspaKaspa(KAS)$0.084651-3.55%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.212774-2.15%
  • mantleMantle(MNT)$0.66-3.07%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.75-3.08%
  • vechainVeChain(VET)$0.023898-2.66%
  • render-tokenRender(RENDER)$3.80-3.08%
  • ethenaEthena(ENA)$0.311343-7.59%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.78-5.31%
  • worldcoin-wldWorldcoin(WLD)$1.12-3.94%
  • arbitrumArbitrum(ARB)$0.352855-4.35%