Bitcoin Has More Room to Rise, Says CryptoQuant Analyst Based on UTXO Data

Quick Summary:

Bitcoin (BTC) could see further price increases, according to CryptoQuant contributor and on-chain analyst IT Tech.

His analysis of unspent transaction output (UTXO) data suggests that Bitcoin is still in an expansion phase, rather than approaching a market peak.The key indicator?

A sharp increase in young UTXOs (under three months) to historical peak levels would indicate a potential top is nearing.

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Article Details

Author / Journalist: Editor Team

Category: Crypto

Markets: India

Topics: Bitcoin UTXO data signals further rise Crypto News BITCOIN

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-29 @ 12:55:19 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 25604873

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 30 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

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Publisher ID: #121

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