Hodlers Addresses vs Bitcoin Price
(3/3) This is the third and final part of my study on "Ownership by Time Held".
The first two parts are in the links below:
👨🦲Hodlers: Addresses that have been holding for over one year. These are seen as long-term investors
📈 This indicator always points up.
Placing an 8-week exponential moving average, it is rare to see it below it.
📅This only happened on June 6, 2011, February 12, 2018 and December 28, 2020.
🔻Every time this happened, it was a harbinger of the top of the Bitcoin price.
So, if by chance the indicator is below the average again, I deduce that the price of Bitcoin will fall even more.
The first two parts are in the links below:
👨🦲Hodlers: Addresses that have been holding for over one year. These are seen as long-term investors
📈 This indicator always points up.
Placing an 8-week exponential moving average, it is rare to see it below it.
📅This only happened on June 6, 2011, February 12, 2018 and December 28, 2020.
🔻Every time this happened, it was a harbinger of the top of the Bitcoin price.
So, if by chance the indicator is below the average again, I deduce that the price of Bitcoin will fall even more.
To contribute to my work:
⚡Bitcoin Lightning: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵PayPal: paypal.com/donate/?hosted_button_id=D9KRKY5HMSL9S
⚡Bitcoin Lightning: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵PayPal: paypal.com/donate/?hosted_button_id=D9KRKY5HMSL9S
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