How we predicted Bitcoin’s latest $9.4k bounceback | Santiment Weekly Brief

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Ibis
May 31, 2020

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1. How we predicted Bitcoin’s latest $9.4k bounceback

800 new addresses holding 100+ BTC (souce: Sandata)

Though it may not feel like it now, Bitcoin started off the week in very poor form, recording double-digit losses (-10.2%) over a 7-day span and inching very close to retesting the $8700 support level.


But the data was telling a different story.


As the benchmark cryptocurrency was bottoming out on Tuesday evening, we published a lengthy report titled ‘Making a cautiously bullish case

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Assets from this insight

Bitcoin logo

BitcoinBTC

$ 9044.31

0.97%in last 7d
Theta Fuel logo

Theta FuelTFUEL

$ 0.008089

4.82%in last 7d
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