CEO CEPTOTOAANT KI Young Ju Avers said that the Bitcoin Bull market has ended with the price of price on the 82,000 dollar sign. The expert relies on his theory of bitcoin price on the main technologies, analyzing the relationship between the achieved CAP and the market CAP, and selling pressure to reach its conclusions.
The expert gives a reason to finish the Bitcoin Bull market
According to X analysisKi Young Ju reveals that Bitcoin firmly in Bear Market is resenting investors. In his analysis, the CEO of Cryptoquant carried out that the curtain fell in the Bitcoin Bull Market.
In his analysis, JU is based on his prediction on the interaction between the CAP achieved for Bitcoin with the market value of assets. The maximum market scales measures the value of bitcoin using the price in which all BTC kept in the portfolio was transferred. On the other hand, the maximum market measures the value by hitting the BTC supplies circulating with the current prices.
The CEO of Cryptoquant notes that the market value alone is not the best way to track the Bitcoin Bull. According to JU, when there is low pressure in the market, the bitcoin purchases of the small bitcoin are often sent the market value to higher levels. Joe notes that the strategy has installed the rear winds of low -sales pressure to develop the paper value of their BTC property.
On the contrary, when the sale pressure is high, large purchases are unable to send bitcoin price in a march. The purchase of the strategy of 22,048 BTC for $ 1.92 billion did not lead to a gathering such as the previous acquisition.
Onchain data indicates that the maximum bitcoin’s maximum, but the market value continues to decrease, is an indication of the homosexuality. Joe notes that the new capital overwhelms the markets, but the prices do not respond, indicating the end of the Bitcoin Market.
Joe said: “When the large capital cannot pay the prices to the top, it is a bear,” Joe said.
The bitcoin price is flashing
Despite the incandescent basics and great acquisitions, the series’s indicators are disappointing for the upper encrypted currency. Bitcoin price is combined into a declining banner, which is a signal for lower prices. However, a small stumbling block caused speculation that the potential Bitcoin price of the S&P500.
Crypto Sat says a short decrease to $ 80,000 plays with Bitcoin at $ 82,950. However, JU has even the Grimmer predictions of BTC, noting that the cluster in the near -term is unlikely to be the original. The CEO of Cryptoquant indicates that it will take the original up to six months to withdraw himself from the bear market.
“It can reduce pressure at any time, but historically, the real repercussions take at least six months,” said.
Despite the feelings of Dour, US Treasury Secretary Scott Payette praised Bets in his capacity as a value of the value that compares it to gold.
Alio Bokima
Aliyu Pokima is an encrypted journalist and a tattoo of the emerging techniques with talent to cover the stories of needing needle in space. Aliyu offers urgent news stories, organizational updates, and insightful analysis with depth and accuracy. When he does not wander in the plans or the late follow -up, Aliyu enjoys playing guitar guitar, lifting weights and ran the marathon.
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