Does it Indicate Positive Sentiment?

One of the many beauties of Bitcoin is that the blockchain backing it is simultaneously pseudonymous and transparent, meaning that you can look into, say, the number of BTC in existence but not know who (or what) owns coins. The pseudo-transparency exhibited by Bitcoin has created an industry and art around “chain analysis,” which gives researchers a way to delve into the cryptocurrency economy in ways others can’t. Case in point, top blockchain analytics site BitInfo Charts recently observed that 11.58 million Bitcoin — more than 50% of all of…

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3 Key Metrics Suggest Bitcoin Price Has Completed Its Macro Bear Cycle

Whilst the Bitcoin price (BTC) action may seem bearish to some, the leading digital asset has several bullish indicators that hint towards an imminent recovery. As Bitcoin enters the last month of 2019, will the king of cryptocurrencies finish on a bullish rally, or fall to a yearly low? Daily crypto market performance. Source: Coin360.com The daily chart turns bullish BTC USD daily chart. Source: TradingView Since the beginning of November, the daily chart has been bearish. Multiple attempts were made to break $9,500, but this failed to materialize and…

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