Predict next Bitcoin price

Predict next Bitcoin price

Bitcoin

 Hello, 

Today's topic is the.Bitcoin quiet lately.

Predict when the next Bitcoin price surge will occur.This is the daily report of Bitcoin.New Year's Day 2023 opening price is $16,541.In January, BTC price broke through $20,000 with 7 white candlesticks,and hit $25,250 in February.

In March, BTC price turned downward due to concerns about the bankruptcy of American banks,and the US budget document proposed to increase the taxation of cryptocurrencies.

The state of New York sued Kucoin and claimed Ethereum was a security.

BTC price fell to $19,549.

But, But,

a chain of bankruptcies of three American banks caused credit anxiety for financial institutions,

and FRB made huge loans to banks to deal with the credit anxiety.

As a result, Bitcoin price has rebounded sharply, surpassing its February high.

Since mid-March, Bitcoin price has hovered between $27,000 and $29,000.

And reached a year-to-date high of $29,184 on March 30.

This is the daily chart of Bitcoin with the addition of Bollinger Bands.

Bollinger Bands is a band created by Mr. Bollinger in the United States.An auxiliary line that is drawn above and below the moving average line to indicate price volatility.As the volatility of the Bitcoin price increases, the width of the Bollinger Bands increase,                                                                                          zk

and as the volatility decreases, the width of the Bollinger Bands decreases.The width of the Bollinger Bands widened sharply in mid-March and narrowed in the second half of March,

so we can see that the volatility of the Bitcoin price has decreased.Below you can see the Bitcoin volume.

Volume is the number of trades completed.Recent trading volume,

it suddenly decreased from the latter half of March,and on April 1st, it hit the lowest of 30,195 this year.

This is the first volume in 10 months since June 5, 2022.

The average value of trading volume also updated the lowest this year.In this way, the Bitcoin price in 2023 has risen significantly,

Volatility and volume have fallen precipitously amidst the tailwinds of financial uncertainty.

Bollinger Bands repeat cycles of contraction and expansion during the continuation of the trend.

So just because the Bollinger Bands contract, it doesn't necessarily mean that the trend will change.

In many cases, the news triggers a big move again in the direction of the continuation of the trend.

So in this video, I predict some positive Bitcoin news that will soon be big hot topic.This is it.

The number of addresses holding one or more BTC is the first million in history.

A million is 1,000,000.

When reading numbers in English, we use hundred=100, thousand=1000.

For example, when reading 100,000 in English, one hundred thousand.

We use a combination of Hundreds and Thousands.And after Thousand, the next digit jumps to million=1,000,000.

A rich person with over 100 million yen is called a millionaire,

and a song that has sold over 1 million copies is called a million seller.

Million has the image of being used as a word to praise record achievement.

Therefore, if the number of addresses holding one or more Bitcoins reaches a million,

it will be noticed as big news and may have a positive impact on Bitcoin price.Since all remittance history is open to the public on the Bitcoin blockchain,anyone can count the number of coins held by each address.

Since the maximum number of Bitcoins issued is 21 million,if each person owns one, the number of holders is 21 million.The world's population is 8 billion.

So the maximum number of people who can hold more than 1 BTC is only 0.26% of the world population.Considering that access may become impossible due to incorrect remittance or loss of private key,

                                   

The maximum number of people who can hold more than 1 BTC is much less than 21 million.So, if the spread of bitcoin progresses, people who own more than 1 BTC may become respected.

Bitcoin launched in January 2009, and the number of addresses started at 1.Trading on exchanges began in 2010, and the number of addresses increased along with the rise in price.

When Bitcoin prices peaked in 2013, the number of addresses reached 240,000 in November 2013,When Bitcoin price bottomed out in 2015, the number of addresses reached 350,000.After that, the pace of increase became faster.

When Bitcoin price peaked in December 2017, the number of addresses was about 710,000.When Bitcoin price bottomed out in December 2018, the number of addresses was 700,000.

After that, the pace of increase slowed down,in November 2021, when the price reached its highest price, the number of addresses reached 800,000.

From 2022, the price of Bitcoin entered a strong and long downward trend due to monetary tightening by the governments of various countries,but the number of addresses continued to increase. 

The minimum number of addresses after 2021 is 790,000 in June 2021.Note the green period on the right. 

The number of addresses on November 6, 2022 is 910,604. From there, the pace of increase in the number of addresses accelerated,973,568 on December 18.It increased by 62,982 in 42 days.

The reason for such a rapid increase in the number of addresses is the FTX bankruptcy shock

                                 

Binance has announced that they are selling all of their FTX tokens.

So, the withdrawal of FTX customers' deposits increased, the cash flow deteriorated, and the company went bankrupt.

As a result, investors who lost trust in centralized exchanges transferred cryptocurrencies from exchanges to their personal wallets.

This is one of the reasons why the number of Bitcoin addresses has skyrocketed.

After that, the number of addresses stopped increasing for two months, but started to increase again in March 2023.

993,064 on April 5.6936 remaining until 1 million.

                                     

Bitcoin

This is the average daily increase in the number of addresses holding one or more BTC.The record high was 453.4 in 2015.

In other words, in 2015, the average number of addresses holding one or more BTC increased by 453 per day.

After plummeting to 84 in 2016,  Bitcoin price exploded in 2017.

The second place is 447.3 in 2022, which is close to the 2015 record.

The reason why the average number of increases in 2015 was large is that a strange surge occurred in December 2015.But, it dropped sharply in 2016 and returned to normal.If December 2015 were excluded as an outlier, the average increase would be 255.2022 will be the largest ever.

Preparing to skyroket is OK.

The pace of increase in 2023 is 160.8 per day,so if this pace continues, it will reach 1 million in the remaining 43 days.Therefore, the timing of the next surge in Bitcoin is expected to be mid-May.In addition, it is not decided that it will rise sharply with the news of over 1 million.

There is a possibility that the Bitcoin price will move significantly due to other factors such as the financial crisis and tightening of regulations,so please do your own research before making an investment decision.That's all. Today's topic is Bitcoin quiet lately. Predict when the next Bitcoin price surge will occur.

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