Cross-trend study: Bitcoin’s price and exchange balances

Global exchange reserves of Bitcoin recently reached new lows, signalling that the cryptocurrency may have found a fundamental bottom within its current price range

Copper

We continue to focus on Bitcoin in many of our reports as it remains the gateway asset for most if not all investors into the cryptocurrency space.

The way Bitcoin goes, so does the rest of the price sentiment for cryptoassets. And sure, some tokens might make a few moves on their own, but the general direction is pinned to the king of cryptocurrencies.

In this In-Depth report, Copper looks to establish whether or not there are trend lines that give an accurate picture marrying various metrics from onchain exchange reserves, retail accumulation, price and technical indicators. The report finds significant fundamental support from trend lines established based on exchange reserve changes.

Read the full report here.

DISCLAIMER

THE INFORMATION CONTAINED WITHIN THIS PRESENTATION IS FOR PROFESSIONAL INVESTORS, REGULATED FINANCIAL ADVISERS AND THEIR INVESTORS ONLY. ALL INVESTMENT IS SUBJECT TO RISK. THE VALUE OF DIGITAL ASSETS MAY GO DOWN.

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