Secret Bitcoin Indicator Signals Huge BTC Bull Run Incoming
The crypto market has been extremely volatile lately, but this was not enough to stop optimistic Bitcoin-related predictions from popping up almost on a daily basis.
Huge bull run is reportedly on its way
An analyst at the crypto hedge fund Adaptive Capital is releasing a mysterious chart that he said indicates a massive BTC bull run is around the corner.
Willy Woo, who invented the Network Value Transactions Ration (NVT) said that BTC’s on-chain volume is suggesting that the bottom is in and there’s a long-term rally that is about to begin soon.
“On-chain momentum is crossing into bullish. Prep for halvening front running here on in. Can’t say what this indicator is, as it’s proprietary to @AdaptiveFund, but it tracks investor momentum,” he said.
He continued and explained that “The bottom is mostly likely in, anything lower will be just a wick in the macro view.”
More than that, there’s also a debate about the potential impact that the BTC halving that is set to take place in 2020 will have.
On-chain momentum is crossing into bullish. Prep for halvening front running here on in. Can't say what this indicator is, as it's proprietary to @AdaptiveFund, but it tracks investor momentum. The bottom is mostly likely in, anything lower will be just a wick in the macro view. pic.twitter.com/WqiPRpweUv
— Willy Woo (@woonomic) December 7, 2019
Another optimistic Bitcoin prediction
Earlier today, we reported another positive Bitcoin-related prediction that appeared in the crypto space.
A crypto analyst known as The Cryptomist said that BTC might be poised for a massive surge, which will take place sooner than you would expect.
He said that BTC seems to be in an ascending triangle and could break out in a matter of days.
“A possible ascending triangle to look out for Like I have been saying for the past week and a bit. I am favoring longs right now, (however, the possibility of one more move down for bears)…” he said.
Breakout within 3days pic.twitter.com/PbUIpPKCd0
— The Cryptomist (@TheCryptomist) December 8, 2019
Anyway, at the moment of writing this article, BTC is trading in the red and the coin is priced at $7,374.30.
Stay tuned for more Bitcoin and crypto predictions.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.