Bitcoin is ready for a major movement in quotes, considers analyst Will Clemente. On his Twitter (136 thousand subscribers), he published a chart with an indicator, which speaks of a possible imminent exit of the price of the first cryptocurrency from a narrow range. Writes about this RBC Crypto.
Bitcoin Volatility Index — Looking ready for a big move pic.twitter.com/NvcSYFRLyx
— William Clemente III (@WClementeIII) July 11, 2021
Regarding the direction of the further movement of the bitcoin rate, Clemente wrote that he was optimistic. According to the analyst, the market is now in the accumulation stage, and large players continue to actively buy the first cryptocurrency.
Clemente noted last week that whale stocks increased by 65,429 BTC. The analyst added that in the near future there may be a shortage of supply of bitcoins, since large players often acquire assets for long-term purposes.
Clemente also stressedthat the growth in the number of cryptocurrency users continues. At the same time, usually after the market passes the peaks, this number decreases.