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Great players (whale) Bitcoin is now entering the market again. Is the Bitcoin price ready to skyrocket again?
According to Glassnode studies, the amount direction Bitcoin with a balance of over 10,000 BTC increased to 111 on Wednesday (April 29, 2020). That is the highest level since August 2, 2019. Thus, the increase has been 11 percent since early March 2020.
“An increase in the number direction Bitcoin a balance of over 10,000 BTC is likely the result of long-term holders returning to the market to expand their property, “said Matthew Dibb, founder of Stack.
The increased interest from long-term holders and big investors can be attributed to the bullish narrative about macro factors and the rewards cut in Bitcoin’s halving in May 2020 later.
“A few direction This may belong to wealthy individuals or groups of people diversifying into Bitcoin amid the COVID-19 pandemic and approaching Bitcoin halving that will happen in the next two weeks, “said Wayne Chen, CEO of Interlapse Technology and founder of Coincurve, as reported by Coindesk.
According to Messari, Bitcoin’s dominance is now almost like 2017, as a result of the Crypto Asset King’s extraordinary strengthening: from slumping on March 12 and 13, 2020 to $ 3,867, and then on April 29 and 30, 2020, it managed break the $ 8 and 9 thousand.
Meanwhile according to Nomicos, the crypto asset data representation site, predicts that the price of Bitcoin will rise to $ 10k (Rp150 million) next week.
Nomics’ prediction is based on special algorithms built into the system since April 23, 2020. In addition to Bitcoin, ETH is expected to strengthen in level US $ 218.
Meanwhile, BCH and BSV, which are also classified as large-cap crypto assets, are predicted to weaken in level $ 235 and $ 184 next week.[[[[Coindesk / Decrypt / Red]
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