Cryptocurrency analyst Willy Woo claims that an uptrend cannot start before $9100 is seen in Bitcoin.
woo 14 September from his social media account in his postFor Bitcoin to enter an uptrend too early stated that. enough of bitcoins not changing hands Attracting attention, Willy supported his claims through on-chain data.
It is a method frequently used in the market for analysis. The percentage of Bitcoins whose cost remains above the current price Using Woo, the total Bitcoins in the current market 52% of expressing that the cost remains above the market 2012, 2015 and 2018 in the decrease of this ratio, respectively, 61%, 64% and 57% noted that.
That history repeats itself that you don’t need The analyst, who stated that, compared to the past, many hedging tool and that they are on the network not taking place because of is not visible stated. Yet in case history wants to repeat itself 60% that a loss value would be sufficient for this 9100 He claimed that the dollar should be deducted.
On the other hand, in the historical view of the rate of losing Bitcoins, the downtrend seems to be breaking. very close Woo points out that the trend is at the bottom of all other bearish movements. upwards He said he was broken.
The information contained herein is not investment advice.
