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HODL Season Over: Active Bitcoin (BTC) Wallets Proved Early Warning for the Rally

Published 04/04/2019, 11:32 AM
Updated 04/04/2019, 12:42 PM
© Reuters.   HODL Season Over: Active Bitcoin (BTC) Wallets Proved Early Warning for the Rally
BTC/USD
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About a day ahead of the rally that took Bitcoin (BTC) to as high as $5,307, the number of active wallets shower a pronounced growth. In general, wallet activity has been picking up for BTC in the past months, following the slump last December. But activity picked up at the end of March, with more than 200,000 BTC wallets seeing transactions.

There are no hard-cut criteria on when BTC would rally. But recent Bloomberg analysis shows that this time, the rally may suggest a re-awakening of a multitude of...

This article appeared first on Cryptovest

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