THELOGICALINDIAN - Bitcoin Could Soon See a Volatility Spike Santiment a Blockchain Analytics Firm
According to blockchain analytics close Santiment, Bitcoin aloof saw a massive fasten in its “token age consumed” metric. This acceptable agency one of two things: 1) a lot of BTC aloof moved, or 2) a appropriate block of “old” coins, acceptation bill that accept not been transacted in a while, accept moved.
Santiment claims that this is a assurance that the BTC bazaar will anon abide a bender of volatility, potentially in the advancement direction:
Bulls in Control
Most analysts accede that Bitcoin beasts abide in control, admitting the bead aftermost weekend. This suggests that should animation arrive, BTC is added acceptable to move college than lower.
One cryptocurrency banker noted that as continued as back Bitcoin is captivation aloft $10,500, he automatically has a bullish bias. This is in advertence to the accent of that amount akin for BTC, which captivated as attrition on three abstracted balderdash rallies over the accomplished 12 months:
Another analyst has acclaimed that the appearance of BTC’s account blueprint looks identical to the appearance of BTC’s account blueprint at the 2018 lows. As reported by Bitcoinist, that analyst said:
Should history rhyme, BTC is on the border of a multi-week and potentially multi-month run.
