Bitcoin and Ethereum: Anticipated Breakout Backed by On-Chain Data

Bitcoin‘s price, after making a strong surge in the second half of the year, has been consolidating above 30,000 dollars for some time. The technicals show that the price of the largest crypto, BTC, and the largest altcoin, Ethereum, is now congested and could make a directional explosion at any moment. This suggests an imminent breakout either downwards or upwards. But what direction could this breakout be in, and what do on-chain data tell us? Let’s take a closer look. The Most Likely Scenario for Bitcoin’s Price On-chain data supports an upwards breakout. The crypto analysis firm Santiment drew attention to the net realized loss against the price for BTC, claiming that an upward breakout is approaching. After three weeks of relatively stagnant price volatility, both Bitcoin and Ethereum are trading with minor losses compared to their previous prices. Average investors move their assets with small losses while the Net […] The post Bitcoin and Ethereum: Anticipated Breakout Backed by On-Chain Data appeared first on COINTURK NEWS.