Bitcoin

Scenario at play | Mid term: BTC to 15K USD

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Scenario still at play. 1 BTC = 14-15K USD for September-October-November of 2020 following simple trend inertia guided by ascending channel on weekly candles.

Azarous funamentals
  • Predominance of buying volume overall. Selling volume is only higher when it hits, but immediately after this, steady and considerable amount of buying volume, shows up for various consecutive days. (See it by yourself in daily candles.)
  • The amount of BTC 'hodlers' has been recently hitting all-time records, signaling a bullish market sentiment for BTC:USD.
  • Whenever we see price dropping it, we see quick buying and pumping, during those short-lasting dips in price.


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Bitcoing holding signaling bullish market sentiment
- cointelegraph.com/news/amid-market-downturn-number-of-people-owning-1-btc-hits-new-record
- nairametrics.com/2020/06/15/btc-wallets-holdings-0-1-btc-reaches-all-time-high/
- tradingandinvestmentnews.co.uk/bitcoin-addresses-holding-1000-btc-hit-all-time-high/

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