Bitcoin in Heavy Accumulation
Topics include:
- Blockchain analysis indicates undervaluation
- Clues from other historical data
- Bitcoin drawdown analysis
- Volatility lows
- Risk analysis
- Accumulation; where it leads
- Fundamental drivers of the bitcoin price
EXCERPT
During this accumulation phase, we expect for Bitcoin to trade in a range
of $3,000 to $6,500, until the new bull market permanently cements the
denarian cryptocurrency as a multi-trillion dollar asset class.
Some highlights of this report:
- Blockchain analysis suggests Bitcoin whales are now accumulating
- Significant parallels with the 2014-15 bear market have emerged
- HODLers almost break-even, with est. aggregate losses of $3 billion
- Recent volatility lows suggest retail apathy, market bottoming
- Demand shocks still possible from exchange hacks, miner capitulation
- Bitcoinβs secular bull market is supported by strong fundamentals
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