It's been a volatile week for BTC, following last weeks halving-fueled rally that saw us climb all the way to the $10k mark, the weekend gave way to a giant pullback, Bitcoin retraced nearly 15%, sinking to the low $8k levels.
Investor sentiment has now turned somewhat bearish just hours before the block halving, when the miner reward paid out with each block gets halved as of block # 630,000.
No need to panic yet however, as the blockchain analytics firm, Glassnodes and their co-founder Rafael Schultze-Kraft, made a very bullish case for Bitcoin's long term future, compiling a list of 10 network metrics which point to ongoing growth of the lead cryptocurrency.
Related Links:
https://zycrypto.com/forget-short-term-price-action-glassnode-co-founder-explains-9-reasons-why-you-should-be-long-term-bullish-on-bitcoin/
https://twitter.com/n3ocortex/status/1259584098932318208
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Cracking Cryptocurrency is a publisher that does not act nor pose as qualified financial advisers for any individual or group. The information provided by Cracking Cryptocurrency is for educational purposes only.
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Investor sentiment has now turned somewhat bearish just hours before the block halving, when the miner reward paid out with each block gets halved as of block # 630,000.
No need to panic yet however, as the blockchain analytics firm, Glassnodes and their co-founder Rafael Schultze-Kraft, made a very bullish case for Bitcoin's long term future, compiling a list of 10 network metrics which point to ongoing growth of the lead cryptocurrency.
Related Links:
https://zycrypto.com/forget-short-term-price-action-glassnode-co-founder-explains-9-reasons-why-you-should-be-long-term-bullish-on-bitcoin/
https://twitter.com/n3ocortex/status/1259584098932318208
- - -
Professional Trading Education - Exclusive Trade Signals - Proprietary Indicators - Mentoring - Community:
https://premium.crackingcryptocurrency.com
Join our FREE Discord Community to learn about the markets!
https://discord.crackingcryptocurrency.com
Follow us on Social Media for the latest updates!
Twitter - https://tw.crackingcryptocurrency.com
Instagram - https://ig.crackingcryptocurrency.com
Facebook - https://fb.crackingcryptocurrency.com
Our primary exchange - ByBit ($90 Free Sign-Up Bonus!)
https://bybit.crackingcryptocurrency.com
Chart with the online software the Cracking Cryptocurrency team uses!
https://reftv.CrackingCryptocurrency.com
Protect your privacy with the VPN that Cracking Crypotcurrency trusts!
https://windscribe.crackingcryptocurrency.com
Protect yourself with a security consultation from the experts Cracking Cryptocurrency trusts!
https://www.spectresecurity.io/?wpam_id=3
Secure your Private Keys and Seed Phrase with an indestructible Crypto Tag!
https://cryptotag.crackingcryptocurrency.com
Support the stream with a donation or sport some Cracking Cryptocurrency gear!
https://CrackingCryptocurrency.com/donate
https://streamlabs.com/crackingcrypto
Patreon - https://patreon.com/crackingcrypto
Merch - https://CrackingCryptocurrency.com/merch
The Exchanges and Platforms we use!
Binance US - https://www.binance.us/?ref=35003942 (Free $15)
3 Commas - https://3commas.crackingcryptocurrency.com (Free Trial!)
Binance - https://binance.crackingcryptocurrency.com (Reduced Fees)
CoinBase - https://coinbase.crackingcryptocurrency.com (Free $10)
Music Credit to Ryan Little - West Coast and EpidemicSound
**DISCLAIMER**
Cracking Cryptocurrency is a publisher that does not act nor pose as qualified financial advisers for any individual or group. The information provided by Cracking Cryptocurrency is for educational purposes only.
Cracking Cryptocurrency does not make any guarantee or other promise as to any results that may be obtained from using our content. Content contained on or made available through the Discord server, YouTube or Twitch platforms, Website, or other venue is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. We are not responsible for your investment and trading decisions.
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