Blockware Solutions 2023 Bitcoin Forecast – Bitcoin Magazine

[ad_1]

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.

[ad_2]
#Blockware #Solutions #Bitcoin #Forecast #Bitcoin #Magazine

mrB

Related Posts

Sequoia Capital, Paradigm among VCs facing ‘tricky’ FTX investor lawsuit

[ad_1] Users of bankrupt crypto exchange FTX have reportedly taken aim at financiers who promoted the platform suggesting their efforts added an “air of legitimacy” to the…

IND vs AUS: Shreyas Iyer declared fit for the second Test; Jasprit Bumrah to miss the ODIs as well

[ad_1] India’s star batter Shreyas Iyer who did not play the first Test between India and Australia due to a lower back injury, has been declared fit…

Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

[ad_1] A bi-partisan anti-money laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and DAOs will soon be reintroduced to Congress, according to…

IND vs AUS: “I Had A Tough Time, Dale Steyn And Morne Morkel Were At Their Peak”

[ad_1] Indian batter Cheteshwar Pujara will play his 100th Test match against Australia at the Arun Jaitley Stadium in Delhi starting Friday, February 17. And ahead of…

Dogecoin, Shiba Inu Soar As Elon Musk Announces Twitter CEO

[ad_1] Elon Musk, who is still searching for a new Twitter CEO, jokingly introduced a dog as Twitter’s new CEO, sending the prices of Dogecoin, Shiba Inu…

Chetan Sharma’s sting operation: Here are the startling revelations made by Team India’s chief selector

[ad_1] Former India cricketer and current chief of the BCCI selection committee Chetan Sharma has made some shocking revelations in a massive sting operation conducted by Zee…

Leave a Reply

Your email address will not be published.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