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Bitcoin Hodler Growth Comparable to 2017 Cycle, Will BTC 10x in Next Bull Run? On Oct. 6, Capriole Fund founder Charles Edwards observed the hodl waves for long-term Bitcoin holders. He noted that the recent massive growth in long-term Bitcoin holders is comparable only with 2016. The jump will have big consequences in 2024, he said adding that this was not seen in the last bull cycle, meaning that the next one could be even larger. “That makes this cycle more similar to 2017, which saw 10X the price appreciation of 2020.” #crypto2023 #BTC #ETH

Bitcoin Hodler Growth Comparable to 2017 Cycle, Will BTC 10x in Next Bull Run?

On Oct. 6, Capriole Fund founder Charles Edwards observed the hodl waves for long-term Bitcoin holders.

He noted that the recent massive growth in long-term Bitcoin holders is comparable only with 2016. The jump will have big consequences in 2024, he said adding that this was not seen in the last bull cycle, meaning that the next one could be even larger.

“That makes this cycle more similar to 2017, which saw 10X the price appreciation of 2020.”

#crypto2023 #BTC #ETH

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Crypto Market Analysis: Top Altcoins Poised To Explode Soon! Chainlink, in particular, stands out in van de Poppe’s analysis. He notes its long period of lateral movement, followed by a breakout, as a strong indicator of an impending uptrend. The momentum Chainlink has gathered and its market behavior positions it as a frontrunner in the anticipated altcoin rally. At press time, LINK is worth $14.9, having increased by 3% in the past day. Michael predicts a massive surge in Chainlink’s price, potentially reaching around $25. Focusing on ARB, van de Poppe pinpoints specific entry points for investors. He anticipates that a breakthrough above $1.06 could propel the token from $1.50 to $1.80, marking a substantial increase. He notes its upward trajectory for SAI, identifying potential entry regions around $0.30, with a bullish outlook towards a $0.60 target. These predictions are based on current market analysis and Sai’s recent performance. #BTC #Blast #Onchain #RichardTeng #ETH
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BlackRock Bitcoin ETF Has, Since August, Appeared on DTCC Site That Belatedly Moved Markets This Week Impulsive trading in crypto markets is nothing new and the movement in the price of bitcoin (BTC) over the past two days over the addition – and then removal – of BlackRock’s proposed ticker for its spot bitcoin ETF on the Depository Trust & Clearing Corp.’s website is just another example. As it turns out, the ETF has been on the website since August, a spokesperson for DTCC confirmed in an email to CoinDesk. Crypto traders this week interpreted the inclusion on the page as a sign BlackRock’s product might get approved soon. But an ETF appearing there does not indicate anything about its regulatory approval, DTCC said. Being there is just part of the prep work – getting a ticker symbol and unique ID code known as a CUSIP – any ETF would undertake pending U.S. Securities and Exchange Commission approval. “It is standard practice for DTCC to add securities to the NSCC security eligibility file in preparation for the launch of a new ETF to the market,” according to the spokesperson. Bitcoin on Monday shot above the $35,000 mark after crypto traders noticed BlackRock’s ETF on the page. But bitcoin slumped Tuesday after it disappeared. #BTC #crypto2023 #crypto #cryptocurrency #CryptoTalks
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Galaxy predicts 74% Bitcoin price increase first year after ETF launch Spot Bitcoin ETF estimated one-year inflows by month and Bitcoin price impact. Source: Galaxy Digital Research Yu used Bitcoin price data from Sept. 30, but a 74.1% increase in Bitcoin’s current price would see it hit $59,200. Markus Thielen, head of research at digital asset financial services firm Matrixport reached a similar figure in an Oct. 19 post, estimating Bitcoin could rise to between $42,000 and $56,000 if BlackRock’s spot Bitcoin ETF application is approved. Yu predicts the U.S. Bitcoin ETFs’ addressable market size to reach $26.5 trillion in the second year after launch and $39.6 trillion after the third year Yu acknowledged a delay or denial of spot Bitcoin ETFs would impact its price prediction. However, he said the estimates were still conservative and didn’t factor in “second-order effects” from a spot Bitcoin ETF approval. “In the near-term, we expect other global/international markets to follow the U.S. in approving + offering similar Bitcoin ETF offerings to a wider population of investors,” Yu wrote. He added “2024 could be a big year for Bitcoin” citing ETF inflows, the April 2024 Bitcoin halving and “the possibility that rates have peaked or will peak in the near term.” #BTC #crypto2023 #cryptocurrency #crypto #CryptoTalks
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