Bitcoin will rise, but the Analyst warns that in front of the soon-to-be “death of fall”: What is it?

Although the bullish Momentum is currently high, believes an Analyst: A Miner-surrender leads to a strong divergence and a hidden sell-signal.
Since months there have been discussions about how the miners will react to the upcoming halving. How to Coin Update, previously reported, was expected by some analysts, that Miner will offload their stocks before your operation is in a few weeks, less profitable.
Trader Mansasuma (@mansasuma) argues that this will soon destroy, in his words, “some of the bullish dreams”. He argues that the persistent could be the cause of the end surrender the Miner a “death fall”.

Contents

Surrender really, more and more miners?

At the time of writing, Bitcoin has become the biggest part of what he has lost in March. The Mining profitability has recovered. Mansasuma (@mansasuma), however, sees a hidden divergence, which is likely to unsettle traders.
His Chart shows strong divergence, which reflects the “death fall” by the end of 2018, there is currently. The market recovery may therefore be an opportunity for the Miner to sell the gains before the halving and secure.

With the Loading of the Tweets, you accept the privacy policy of Twitter.
More content, download Twitter Tweets to learn more and unlock

The Mansasuma opinion is – to put it mildly – controversial. The majority of the crypto-market is for the Rest of the year 2020 bullish, many argue that the low point on 12. March has been achieved. Then, during the panic, some long-term owners even sold their BTC.

The Conclusion

There are two perspectives when it comes to rate Bitcoin in the short term. On the one hand, there are internal factors such as Mining profitability and the upcoming halving.
On the other hand, however, there are also macro-economic factors, which are in the midst of this global economic crisis to the forefront. To find a balance between these two factors in order to assess future market movements is difficult.
Not surprisingly, the forecasts for the short-term development were therefore just as volatile as the market itself.
Bitcoin has correlated in the past with the S&P 500, but we are living through unprecedented times. The Miner should surrender, and rise as the Moment use to cash in your chips, then the market would need substantial new money to absorb this selling pressure.
From now on such bearish expectations will be made, however, by our current bullish reality nullify: Bitcoin has risen compared to the daily rate of about 4,70% and trade at the time of writing the price of 7.365 dollars.

Cryptocurrency Market