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Is Bitcoin price going to crash again?

Coin Telegraph LogoCoin Telegraph15h ago

Is Bitcoin price going to crash again? - Coin Telegraph

Quick Summary:

As Bitcoin edged above $95,000, its 14-day price momentum indicator rose sharply from 58.7 to 82.1, as shown in the chart below.“This breakout pushed the momentum above the statistical high band, a rare occurrence that historically signals strong bullish momentum,” Glassnode said in its latest Weekly Market Pulse report. This indicator last crossed the statistical high band in November 2024, preceding a 61% rally in Bitcoin’s price to new all-time highs.

The high CVD metric suggests that the buy pressure is “still relatively strong,” Glassnode said, adding:“This persistent positive aggression supports the bullish momentum seen in spot markets, although the slight softening hints that some profit-taking activity may be emerging as the price extends into higher ranges.”Bitcoin spot CVD.

Source: Cointelegraph/TradingViewBitcoin ETF flows provide a “more solid foundation”But another big crash may be averted as BTC price momentum is backed by elevated spot Bitcoin ETF inflows in recent days.

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Article Details

Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 08:56:13 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28295906

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 28 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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