Bitcoin price has stalled below $9,200 but on-chain data, investor sentiment, and BTC’s strong quarterly performance are bullish signals.
Earlier today Cointelegraph reported that “Bitcoin (BTC) price recorded its strongest second quarter performance in history” despite a startling crash to $3,750 on March 13. Data from Skew also shows that Bitcoin currently has a quarter-to-date return of 42.39% and the digital asset remains the top-performer for 2020 with a 27.31% return.
Macro assets year-to-date returns %. Source: Skew
Data from on-chain analytics provider glassnode also showed that since the Black Thursday crash, the total number of Bitcoin whales rose above the 2017 high to 1,800 over the last 3 months.
Another positive signal of investors’ sentiment towards Bitcoin comes from a recent survey conducted by crypto custodian Bitcoin IRA that shows 43% of the platform’s clients expect Bitcoin price to top $15,000 by the end of 2020.
After surveying 300 clients, the custody provider found that 57% of participants confirmed that they