Bitcoin 'Bullish Scenario' Possible After Reaching $47,000, Blockware Analyst

Whenever the short-term cost basis crosses the HODLer Implied Price, investors receive either bullish or bearish signals, depending on the direction of a cross. In the current case, if Bitcoin continues to drop further, the market will most likely dive deeper as selling pressure from short-term traders aggravates.

The second metric used by the Blockware analyst is the HODLer implied price, which is essentially the realized price of an asset divided by its liveliness, which is a metric that reflects the behavior of holders by measuring the number of liquidations which causes a metric's rise. In case coins remain dormant, the metric declines.

BTC还在跌

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