Bitcoin supply shock

Yes, add me to your mailing list. This means it is undervalued right now, and in a day or two, we could move past that price. Do note that this is a very conservative price point, and we will probably go much higher than this. This was the last stage for the continuation of the bull market, and it seems we are due for a double top pattern in

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Content:

• Bitcoin's October fest: ‘Supply shock’ due to hoarding and stockpiling drove rally
• Another BTC Supply Shock Is Brewing: Will It Brace $100,000 By The End Of 2021?
• Bitcoin demand will outpace supply within 8 years: report
• Bitcoin: A supply shock may be coming, but this is what it means
• Supply shock & SEC regulations make for positive markets?!
• Cripto Pato

WATCH RELATED VIDEO: THE BITCOIN SUPPLY SHOCK IS ALMOST HERE!!

Bitcoin's October fest: ‘Supply shock’ due to hoarding and stockpiling drove rally

Roughly The supply shock brought by long-term holders last month has only grown stronger this month. Registration is a free and easy way to support our truly independent journalism. By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists. Join thought-provoking conversations, follow other Independent readers and see their replies.

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Another BTC Supply Shock Is Brewing: Will It Brace $100,000 By The End Of 2021?

With this ceiling not having been topped since May, except for very momentarily in June, it is only natural that many analysts have turned bearish, declaring the bull run to be over for good. However, on-chain metrics paint a different picture, said analyst Will Clemente, even as he claimed that on-chain activity transfer appears to be dead. The multiple metrics highlighted by him pointed to a possibly bullish outbreak for the top digital asset this month. This may be due to an upcoming supply shortage that could trigger a BTC price surge. The net growth of new users coming up on the Bitcoin network has been increasing dramatically since the beginning of the year. However, the metric recently touched a new all-time high ATH with over 50, new users being onboarded each day.

Bitcoin demand will outpace supply within 8 years: report

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Bitcoin: A supply shock may be coming, but this is what it means

As usual, we are also providing detailed videos for those who want to delve deeper into the subject. The Supply Shock Valuation Model attributes the shortage of Bitcoin a boosting effect on the further price development. In the model, only the no longer available currency units of Bitcoin are divided by the number of available BTC, from which, however, a much deeper insight can be gained than assumed. SEC chief Gary Gensler believes crypto assets need to be government regulated to survive in the long run.

Supply shock & SEC regulations make for positive markets?!

In any market, price is driven by demand and supply. This is a fundamental. The most obvious way of seeing this is in the bid and asks between buyers and sellers. A more nuanced way would be to wave a magic wand and gauge the intent of investors before the bids and offers are even placed. In this view of demand and supply, an investor who has no intention to sell is on the demand side while an investor who is willing to sell is on the supply side.

Cripto Pato

Latest blockchain, financial, and fintech news — everything that matters in the new era of finance. The 5-minute newsletter on the important stuff in finance — reporting what's going on, and why. When something is new, it's untested. This explains the crypto space in a nutshell. Both hacks and harsh words had previously caused major market crashes. With Mr. White Hat having returned the spoils to Poly Network, it seems we are leaving this period of uncertainty behind us.

The growth of the Bitcoin network is illustrated by the increase in the number of addresses holding BTC during the recent decline. On-chain data confirms that the massive September 7 price move was mainly triggered by over-indebted derivatives traders. Despite the near-term recovery, the technical indicators are starting to signal bearishly on the higher time frames.

With this ceiling not having been topped since May, except for very momentarily in June, it is only natural that many analysts have turned bearish, declaring the bull run to be over for good. However, on-chain metrics paint a different picture, said analyst Will Clemente, even as he claimed that on-chain activity transfer appears to be dead. The multiple metrics highlighted by him pointed to a possibly bullish outbreak for the top digital asset this month. This may be due to an upcoming supply shortage that could trigger a BTC price surge. The net growth of new users coming up on the Bitcoin network has been increasing dramatically since the beginning of the year. However, the metric recently touched a new all-time high ATH with over 50, new users being onboarded each day.

Crypto miners are stockpiling bitcoin, driving a supply shock and setting the world's most popular cryptocurrency up for further gains. In a report from Kraken , the crypto exchange said that long-term holders, along with crypto miners and whales, are behind the so-called supply shocks. Long-term holders, for their part, haven't reacted to bitcoin's price drop in September or even the surge in October, Kraken said. Instead, they just keep accumulating. The supply shock and the increased demand "put BTC in a strong position to trend higher," Kraken wrote. It noted one metric that shows bitcoin sits below the halfway point between oversold and overbought territory, "suggesting that there's still room for BTC to run. The rise has been thanks in part to hype from traders around regulatory approval for the first-ever bitcoin-linked ETF that launched on the New York Stock Exchange last week.

BTC pair [is] doing well. The signal could indicate that a trend reversal is on the horizon. Van de Poppe also predicts Bitcoin will eventually run higher due to the declining amount of BTC sitting on crypto exchanges.