The crypto market is slowly but surely recovering following the latest corrections of the cryptos’ prices. Check out the latest reports involving Bitcoin below.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $20,154.
PlanB accumulates Bitcoin
Popular quantitative analyst PlanB says he is buying Bitcoin (BTC) again. He also highlights data trends suggesting the king crypto may be gearing up for a surge.
PlanB made sure to say on Twitter not too long ago that he is seizing the opportunity to purchase the leading crypto as he has done at other times after significant price declines.
“My first Bitcoin investment was in 2015 at ~$400 (yellow circle). Most people said Bitcoin was dead. My second investment was in 2018 at ~$4000 when I published the S2F (stock-to-flow) model. Most people said Bitcoin was dead. My third investment is now at ~$20,000. Most people say Bitcoin is dead.”
According to PlanB, BTC’s move below the two key indicators could present a once-in-a-decade opportunity for Bitcoin bulls. Here’s what he explained:
“Bitcoin below 200-week moving average ($23,000) and realized price ($21,000). Structural break of a 10-year+ trend, or temporary macro-driven buying opportunity?”
Check out the original article posted by the Daily Hodl in order to learn more details.
Bitcoin optimistic predictions are out
A leading analytics firm says Bitcoin (BTC) holders have pulled tens of thousands worth of BTC from crypto exchanges in just one day, according to the latest reports. This shows massive confidence.
Santiment said that on the last day of September, “crypto exchanges witnessed a massive exodus of crypto to the tune of $683.42 million in BTC, the fourth largest of the year.”
According to Santiment, the abrupt relocation of huge amounts of BTC is a fact that is showing that traders are optimistic on the king crypto entering the final quarter of the year.