What will drives #bitcoin’s future price?
▻https://hackernoon.com/what-will-drives-bitcoins-future-price-81c89f24ed47?source=rss----3a8144
In mid April Adamant Capital published an important paper, “Bitcoin in Heavy Accumulation”. It has been publishing these reports for some years now and as it says in the introduction, each time they did so was when Bitcoin was down 80% from an all-time high. In April 2019 it is 75% down from its 2017 high, and this is a good point for investors to enter the market according to Adamant Capital.According to Adamant, Bitcoin is in an “accumulation phase” right now and its researchers expect #btc to trade at a range between $3,000 and $6,500 until there is a new bull market that “permanently cements the denarian cryptocurrency as a multi-trillion dollar asset.”The market does appear to be picking up momentum and while it is still experiencing some slight setbacks every few days, the outlook feels (...)