Good morning gentlemen. Nice to see the price has broken $5,300, who knows, maybe a nice weekend pump still to come.
Unlike like last year, we've had pretty good weekends lately. Let's hope it stays that way !
Bitcoin Indicators Are Bullish.https://medium.com/@CL20/bitcoin-indicators-are-bullish-205a6b30f9e0"1. We are Above Realized Value
Historically, every time Bitcoin goes under the realized value, it has been the most difficult period of the bear market, and everytime bitcoin pulls back above realized value, a new parabolic bull run begins. We’re now above the realized value!
2. Miner Revenue
If history repeats itself, bitcoin is within the accumulation zone, according to miner’s revenue.
3. CVDD
CVDD tracks the cumulative sum of this value-time destruction as coins move from old hands into new hands as a ratio to the market age.
4. Volatility
Each time bitcoin price capitulated and found the bottom, it has came with a spike in volatility. It appears we have already capitulated and hit the bottom, as marked by the spike in volatility.
5. False On-chain Volume data was Painting an Overly Bearish Picture.
Some analyst have been confused as to why NVT has been showing extremely bearish signals. Recently, it was found that blockchain.com who provide the onchain volume data, the information at core of NVT’s formulae, has been supplying the market with wrong data.
The updated indicator looks much less bearish."