Bitcoin just prior to the next Bullrun? Hodl Waves give information

People have always talked about one-time Bitcoin Bullrun. Especially a few weeks ago instead of found third Bitcoin Halving has led to many of the bullish forecasts. Currently, the BTC price is shown but, rather, from his weak side. The $ 10,000 could not be broken in the last few weeks and we are back to the USD 9,000 mark. But if we look at the behavior of investors, it quickly becomes clear that we are in a very bullish Phase, which is reminiscent of 2016.Just to remind: in 2016, the Bitcoin price started to move upwards and reached its Peak in December 2017, at just under $ 20,000. We are now witnessing a similar scenario? The next Bitcoin Bullrun stands in front of the door?

Bitcoin Hold Waves

In order to make us a picture about the current behavior of the BTC investors, we need to look at the UTXOs of Bitcoin. This price give a lot of important information about the Blockchain and the in circulation bitcoin.One of the most exciting indicators of the so-called Hodl-Waves are. The wave-like movements of still BTC. The more and longer Bitcoins were not held, the greater the Hodl-Waves are.Currently, a total of more than 63% of all BTC have not been moved for more than a year. The last Time so many BTC for more than a year were no longer moving, was 2016. So, a few months before the beginning of the Bullruns.Trade on the worlds leading Social Trading platform!Join the millions of people who have already discovered how it smarter to invest by copying the best investors in our Community, or be copied and as a result, a second income can be achieved. Start now!

The Bullrun is repeated from 2016?

If we consider now the following representation, then, we can see a certain connection between the number of stationary Bitcoins and the upward movement of the price.The Creator of the page behind this informative Chart is Phillip Swift and has left on Twitter also leave a comment on this Chart:

The diagram shows the pattern of the movement of the Bitcoin supply, which are called “Hodl Waves” known. The 60 % mark suggests that Bitcoin is the most advantageous point of its current “wave” for long-term investors

Long-term investors not to confuse

The exciting thing about this Hodl Waves is that the investors who have a long-term investment horizon, from short-term Bitcoin exchange rate movements up or down affect.Both in June 2019, as the Bitcoin price on almost 14,000 USD has risen or during the corona crisis at the beginning of this year, as the BTC price below $ 4,000 is like. This demonstrates a clear confidence in the revolutionary Asset.The investors have to wait so currently on another Bullrun, to their BTC back to sell to realize gains and after the correction to re-enter. We are curious how the growing number of Bitcoins have not been moved, and thus the market is not available, will have an impact on the price.62% of private CFD accounts lose money. No EU investor protection.You look better Videos to read the article? Then look at our Youtube Channel over.(Image Source: Shutterstock)

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