Here’s Why Bitcoin Is Just Now Entering the Main Phase of the Bull Market, Says On-Chain Analyst Will Clemente

Here’s Why Bitcoin Is Just Now Entering the Main Phase of the Bull Market, Says On-Chain Analyst Will Clemente


Popular on-chain analyst Will Clemente thinks certain metrics indicate Bitcoin (BTC) is just now entering the main phase of the bull market.

Clemente tells his 393,900 Twitter followers that “long-term holders buy BTC into weakness and sell into strength.” The analyst notes that long-term holders have just begun to sell more than they buy for the first time in six months.

Explains Clemente in his weekly Blockware Intelligence Newsletter,

Trending: BREAKING: HERO Student Tate Myre Was Killed Trying To Disarm Shooter

“This week we have seen our first red prints in long-term holder net position change. This looks at the 30-day net change in long-term holder supply… This is representative of long-term holders starting to sell into strength.

As we have discussed many times: long-term holders buy into weakness (don’t perfectly buy the bottom) and then

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend