The latest data shows that Bitcoin is in its longest buying streak in six months.
Despite many predicting the demise of the world's largest cryptocurrency, bitcoin has continued growing.
Info and CTO of Casa Hodl, found that by the numbers, the Bitcoin protocol had expanded in almost every metric.
According to Bloomberg, the GTI Vera Convergence Divergence indicator is suggesting bitcoin is in its longest buying streak in six months.
This means that if the buying pressure continues as it has over the past two weeks, then bitcoin could see a sustained increase in prices.
According to Greenspan, one of the clearest indicators of Bitcoin's bright year ahead is the industries built around it.
He said that companies involved in Bitcoin and blockchain are hiring at a "Rapid rate," with new projects coming online every day.
Most cryptocurrency prices, ether included, are closely tied to bitcoin's performance.
The vibrant industry can be interpreted as a sign that people are getting more involved in the market, which could mean good news for Bitcoin, whose value depreciated 74 percent in 2018.
For 2019, it's possible that the maturing industry could bring Bitcoin out of its trough.
Bitcoin's Latest Buying Streak Could Mean a Rise in Prices
gepubliceerd op Jan 4, 2019
by Cryptoslate | gepubliceerd op Coinage
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