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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Somnia Launches Playground App to Empower Metaverse Creators

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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

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    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

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    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

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    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

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    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

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    IN-Match3 Joins Forces with Adventure Layer to Scale GameFi, Boost Accessibility & Profitability

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    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

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    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

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    Crypto Casinos Made Over $80 Billion in 2024

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    A16z-backed Spekter Games founder shares Telegram gaming ethos

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    How Mobile Apps Are Quietly Adopting Web3 Tech

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    Floki’s Valhalla Fires Up 4-Week Programmatic Display Push Across Target Markets

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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  • Guides
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    Long and Short Positions in Crypto Explained for Beginners

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    What Is Fully Diluted Valuation (FDV) in Crypto?

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

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    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

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    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

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    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

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    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

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    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

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    IN-Match3 Joins Forces with Adventure Layer to Scale GameFi, Boost Accessibility & Profitability

    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

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    Crypto Casinos Made Over $80 Billion in 2024

    A16z-backed Spekter Games founder shares Telegram gaming ethos

    A16z-backed Spekter Games founder shares Telegram gaming ethos

    How Mobile Apps Are Quietly Adopting Web3 Tech

    How Mobile Apps Are Quietly Adopting Web3 Tech

    Location-Based Gaming NFTs: How GPS and Blockchain Are Changing the Way We Play

    Location-Based Gaming NFTs: How GPS and Blockchain Are Changing the Way We Play

    Avalanche Game ‘Forgotten Playland’ Implements NFTs in Biggest Update Yet

    Avalanche Game ‘Forgotten Playland’ Implements NFTs in Biggest Update Yet

    Floki’s Valhalla Fires Up 4-Week Programmatic Display Push Across Target Markets

    Floki’s Valhalla Fires Up 4-Week Programmatic Display Push Across Target Markets

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

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    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Bitcoin’s buy signals: Insights from MVRV ratio, Rainbow Charts tell you to…

August 12, 2024
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  • Bitcoin’s rainbow chart revealed that BTC was in an accumulation phase. 
  • Metrics suggested that investors have already started to buy BTC.

Like most cryptos, Bitcoin [BTC], being the leader of the pack, turned bullish during the past 24 hours as well. Therefore, let’s assess a few key metrics of BTC to understand whether this still is the right time for investors to buy BTC. 

Should you buy Bitcoin?

CoinMarketCap’s data revealed that BTC’s price increased marginally over the last 24 hours. At press time, it was trading at $61,107 with a market capitalization of over $1.20 trillion.

IntoTheBlock, an analytics and metrics provider, recently posted a tweet highlighting a key metric.

The tweet talked about BTC’s MVRV ratio and mentioned that whenever the metric goes below 1, it opens an opportunity for investors to accumulate.

Likewise, when the MVRV ratio goes above 3, it becomes a good opportunity for investors to sell. At press time, BTC’s MVRV ratio had a value of 1.93.

This meant that Bitcoin investors should get ready as a buying opportunity might appear soon. 

Bitcoin's MVRV ratio

Source: IntoTheBlock

Root, a popular crypto analyst, posted a tweet mentioning yet another important BTC metric. The tweet used BTC’s on-chain value map, which pointed out that BTC was fairly valued.

Therefore, this also suggested that investors might consider stockpiling.

AMBCrypto then checked Bitcoin’s Rainbow Chart to see what that metric had to suggest. As per our analysis, BTC’s price was in the “accumulate” stage, further indicating that it’s the correct time to accumulate. 

BTC's rainbow chart

Source: Blockchaincenter

A look at what investors are up to

AMBCrypto then checked BTC’s on-chain data to find out whether investors have started to accumulate. As per our analysis of Santiment’s charts, Bitcoin’s supply on exchanges dropped, meaning that buying pressure increased.

See also  'Do not sell your Bitcoin,' cautions Michael Saylor

The fact that investors were stockpiling BTC was further proven by the substantial spike in its exchange outflow on the 9th of August.

Additionally, the top players were also actively reading BTC as the whale transaction count increased.

However, despite investors buying BTC, its weighted sentiment dropped and went into the negative one. This meant that bearish sentiment around the coin increased. 

Source: Santiment

We then planned to have a look at BTC’s daily chart to see whether the drop in weighted sentiment could result in a price decline in the coming days. 


Is your portfolio green? Check out the BTC Profit Calculator  


As per our analysis, BTC’s Chaikin Money Flow (CMF) registered a sharp downtick, hinting at a bearish take over. 

At press time, BTC was testing its 20-day Simple Moving Average (SMA) as suggested by the Bollinger Bands. Notably, the MACD displayed the possibility of a bullish crossover, which could allow BTC to successfully go above the 20-day SMA. 

Source: TradingView

Next: Toncoin: How liquidity clusters around $7 indicate a TON rally

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Bitcoin’s rainbow chart revealed that BTC was in an accumulation phase. 
  • Metrics suggested that investors have already started to buy BTC.

Like most cryptos, Bitcoin [BTC], being the leader of the pack, turned bullish during the past 24 hours as well. Therefore, let’s assess a few key metrics of BTC to understand whether this still is the right time for investors to buy BTC. 

See also  How Bitcoin's crash triggered the worst losses for short-term holders

Should you buy Bitcoin?

CoinMarketCap’s data revealed that BTC’s price increased marginally over the last 24 hours. At press time, it was trading at $61,107 with a market capitalization of over $1.20 trillion.

IntoTheBlock, an analytics and metrics provider, recently posted a tweet highlighting a key metric.

The tweet talked about BTC’s MVRV ratio and mentioned that whenever the metric goes below 1, it opens an opportunity for investors to accumulate.

Likewise, when the MVRV ratio goes above 3, it becomes a good opportunity for investors to sell. At press time, BTC’s MVRV ratio had a value of 1.93.

This meant that Bitcoin investors should get ready as a buying opportunity might appear soon. 

Bitcoin's MVRV ratio

Source: IntoTheBlock

Root, a popular crypto analyst, posted a tweet mentioning yet another important BTC metric. The tweet used BTC’s on-chain value map, which pointed out that BTC was fairly valued.

Therefore, this also suggested that investors might consider stockpiling.

AMBCrypto then checked Bitcoin’s Rainbow Chart to see what that metric had to suggest. As per our analysis, BTC’s price was in the “accumulate” stage, further indicating that it’s the correct time to accumulate. 

BTC's rainbow chart

Source: Blockchaincenter

A look at what investors are up to

AMBCrypto then checked BTC’s on-chain data to find out whether investors have started to accumulate. As per our analysis of Santiment’s charts, Bitcoin’s supply on exchanges dropped, meaning that buying pressure increased.

The fact that investors were stockpiling BTC was further proven by the substantial spike in its exchange outflow on the 9th of August.

Additionally, the top players were also actively reading BTC as the whale transaction count increased.

See also  Bitcoin hashrate climbs as earnings drop: BTC miners in trouble?

However, despite investors buying BTC, its weighted sentiment dropped and went into the negative one. This meant that bearish sentiment around the coin increased. 

Source: Santiment

We then planned to have a look at BTC’s daily chart to see whether the drop in weighted sentiment could result in a price decline in the coming days. 


Is your portfolio green? Check out the BTC Profit Calculator  


As per our analysis, BTC’s Chaikin Money Flow (CMF) registered a sharp downtick, hinting at a bearish take over. 

At press time, BTC was testing its 20-day Simple Moving Average (SMA) as suggested by the Bollinger Bands. Notably, the MACD displayed the possibility of a bullish crossover, which could allow BTC to successfully go above the 20-day SMA. 

Source: TradingView

Next: Toncoin: How liquidity clusters around $7 indicate a TON rally
Tags: BitcoinsbuyChartsInsightsMVRVrainbowratioSignalsto..

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