Monday, May 23, 2022
ZazCapital.com
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • ICO
  • Market
  • Ethereum
  • Altcoins
  • Litecoin
  • Dogecoin
  • Ripple
No Result
View All Result
ZazCapital.com
No Result
View All Result
Home Bitcoin

Bitcoin Bears Are Wrong, Says On-Chain Analyst Will Clemente – Here’s Why

by
September 26, 2021
in Bitcoin
0
Bitcoin Bears Are Wrong, Says On-Chain Analyst Will Clemente – Here’s Why
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Well-liked on-chain analyst Will Clemente says those that are bearish on Bitcoin (BTC) is likely to be in for a shock.

The carefully adopted analyst tells his 273,000 Twitter followers that he believes Bitcoin bears will probably be in disbelief as he predicts BTC’s worth will probably be a lot larger in 30 days.

 

“Bears are incorrect, goodnight. Wake me up in a month.”

To assist his view, Clemente shares a chart evaluating the worth of BTC and the provision ratio of illiquid cash, or cash which are rarely offered. In accordance with the on-chain analyst, the illiquid provide shock ratio is an efficient main indicator as BTC tends to follow the upticks or the downward strikes of the metric.

“Provide turned liquid in late April/Could, was a number one indicator of the following worth drop.

Provide acquired locked up in late June/July, this bull div was one other main indicator of the worth reversal that adopted.”

Image
Supply: Will Clemente/Twitter

Clemente additionally says that each whales, or entities with greater than 1,000 BTC, and minnows, that are entities with lower than 10 Bitcoin, have been in regular accumulation because the flagship crypto tumbled greater than 50% in Could of this 12 months.

The favored analyst says that utilizing Glassnode’s information, he’s put collectively a mannequin that marks a flooring worth for Bitcoin. In accordance with Clemente, absolutely the backside for BTC is at the moment sitting about 10% beneath present costs at time of writing.

“Utilizing Glassnode’s illiquid provide information, this mannequin is basically making an attempt to estimate a flooring primarily based on Bitcoin’s real-time shortage. Though worth has certainly dipped beneath briefly in mid-2017 and earlier this 12 months, it has by no means stayed beneath for lengthy and nonetheless stays legitimate as a proxy for an estimated flooring for my part. Presently, $38,283.”

Supply: Blockware Intelligence

Do not Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Observe us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 

Check Latest News Headlines

Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you might incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet affiliate marketing.

Featured Picture: Shutterstock/Kalifer – Artwork Creations

Related articles

Why Bitcoin (BTC) May Face Stock-Linked Pain In Week Ahead

Why Bitcoin (BTC) May Face Stock-Linked Pain In Week Ahead

May 23, 2022
How to send bitcoin on cash app

How to send bitcoin on cash app

May 22, 2022





Source link

Tags: AnalystbearsBitcoinClementeHeresOnChainWrong
Share76Tweet47

Related Posts

Why Bitcoin (BTC) May Face Stock-Linked Pain In Week Ahead

Why Bitcoin (BTC) May Face Stock-Linked Pain In Week Ahead

by
May 23, 2022
0

Bitcoin and Ethereum traded just a bit above key psychological ranges on Sunday night, as the worldwide cryptocurrency market cap rose 3%...

How to send bitcoin on cash app

How to send bitcoin on cash app

by
May 22, 2022
0

Hello, folks on this article I'll stroll you thru the technique of the way you strategy sending bitcoin out...

Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges – Bitcoin News

Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges – Bitcoin News

by
May 22, 2022
0

Amid the market carnage tied to Terra’s current fallout, bitcoin despatched to exchanges noticed a quick spike on Might...

‘No Price Target’—Major Bitcoin Investor Issues Huge Crypto Prediction As Ethereum, BNB, XRP, Solana, Cardano, Dogecoin, Avalanche And Polkadot Swing

‘No Price Target’—Major Bitcoin Investor Issues Huge Crypto Prediction As Ethereum, BNB, XRP, Solana, Cardano, Dogecoin, Avalanche And Polkadot Swing

by
May 22, 2022
0

Bitcoin and cryptocurrency costs have swung wildly by Might as panic sweeps the market within the aftermath of a...

Buying Power of Ethereum vs. Glatfelter at New 52-Week High

How Much Bitcoin Does Mr. Wonderful Hold?

by
May 22, 2022
0

A couple of weeks in the past I had the pleasure of talking with Mr. Fantastic, aka, Shark Tank’s...

Load More
  • Trending
  • Comments
  • Latest
Smart Money Whales Have Accumulated Over $2,664,000,000 Worth of One Altcoin: Crypto Insights Firm Santiment

Smart Money Whales Have Accumulated Over $2,664,000,000 Worth of One Altcoin: Crypto Insights Firm Santiment

December 12, 2021
Cryptocurrency warning as Britons at risk of losing £20,500 each to scammers | Personal Finance | Finance

Cryptocurrency warning as Britons at risk of losing £20,500 each to scammers | Personal Finance | Finance

December 26, 2021
SEC should allow investors to ‘choose their own’ bitcoin exposure: Grayscale head of ETFs

SEC should allow investors to ‘choose their own’ bitcoin exposure: Grayscale head of ETFs

September 27, 2021
Crypto Giant Grayscale Details Top Altcoins Held by Institutional Investors As 2022 Begins

Crypto Giant Grayscale Details Top Altcoins Held by Institutional Investors As 2022 Begins

December 31, 2021
Latest updates from the Cointelegraph Davos team

Latest updates from the Cointelegraph Davos team

0
Business News | Stock and Share Market News

Business News | Stock and Share Market News

0
Litecoin: Traders can set their take-profits at these levels

Litecoin: Traders can set their take-profits at these levels

0
Trader Who Called Bitcoin Bottom Predicts This Blazing Altcoin Will Overtake Binance Coin

Trader Who Called Bitcoin Bottom Predicts This Blazing Altcoin Will Overtake Binance Coin

0
Latest updates from the Cointelegraph Davos team

Latest updates from the Cointelegraph Davos team

May 23, 2022
Social Life Network Commitment to Protect Shareholders in Up Listing Process | News

Decentral Life Launches New QR Code Application for Cryptocurrency Payment Solutions | News

May 23, 2022
Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers

Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers

May 23, 2022
Layer-2 adoption could spur the next crypto turning point

Layer-2 adoption could spur the next crypto turning point

May 23, 2022

Recent Posts

Latest updates from the Cointelegraph Davos team

Latest updates from the Cointelegraph Davos team

May 23, 2022
Social Life Network Commitment to Protect Shareholders in Up Listing Process | News

Decentral Life Launches New QR Code Application for Cryptocurrency Payment Solutions | News

May 23, 2022
Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers

Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers

May 23, 2022

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Crypto
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple

Follow Us

Tags

Altcoin Altcoins Analysis Analyst Bitcoin Blockchain BTC Buy Cardano Coin Crypto cryptocurrencies Cryptocurrency DeFi digital DOGE Dogecoin dollar ETH Ethereum Heres Inu Investors Launches Litecoin LTC market Metaverse news NFT NFTs price Prices Rally Ripple ripples SEC Shiba Solana Today Token Top Trading week XRP
No Result
View All Result
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • ICO
  • Market & Analysis
  • Ethereum
  • Litecoin
  • Altcoins
  • Dogecoin
  • Ripple
  • Shop

© 2021 ZAZCAPITAL.