Blockware Solutions 2023 Bitcoin Forecast – Bitcoin Magazine

Blockware Intelligence, the research arm of Blockware Solutions, has released its 2023 forecast, which indicated, among other things, that the bitcoin price bottom could be in soon.

The report included a larger macroeconomic overview and forecast, alongside bitcoin’s response as well as on-chain indicators that suggest potential future movements. Short-term holder realized price (STH RP), as indicated by the report, is a more volatile, quick-to-move metric determined by the price of coins moved during a certain period, while long-term holder realized price (LTH RP) is a less volatile, more sticky metric determined by the price of coins held that have been unmoved for longer periods. When price dips below LTH RP, meaning that most long-term holders are underwater, it often coincides with previous bear market lows. The report suggests that the price of bitcoin is likely to flip both LTH RP and STH RP, which it is currently under, which could signal the low of the bear market.

#Blockware #Solutions #Bitcoin #Forecast #Bitcoin #Magazine


Related Posts

Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle

Two United States senators have taken their questions about the performance of accounting firms active in the crypto space to a higher power: the Public Company Accounting…

State senator pushes bill to make Bitcoin legal tender in Arizona

Wendy Rogers, an Arizona state senator in the United States, has launched bills concerning cryptocurrency, including one that aims to make Bitcoin (BTC) legal tender in Arizona. …

POS Giant Starts Lightning Trial

Bitcoin’s adoption into the mainstream – not only as a store of value but also as a means of payment – took a big step forward today….

What is an ascending triangle pattern and how to trade it?

Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern. What is an ascending triangle pattern?…

Elon Musk Still Wants McDonald’s To Accept Dogecoin (DOGE)

Tesla CEO Elon Musk has once again come out as a Dogecoin supporter. After being somewhat less forthcoming with his love for Dogecoin in recent weeks, Musk…

ISDA releases standard definitions for digital asset derivatives

The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto…

Leave a Reply

Your email address will not be published. Required fields are marked *