Researcher background Ikigai Hans Hauge analyzed the current mood in the market of digital assets and a number of other parameters. Specialist came to the conclusion that currently bitcoin is preparing to again rise, similar to what was recorded in the end of 2017 (during this period, the cryptocurrency reached a maximum price value).
Bitcoin bubble tops are clearly identified with a dark red cluster of Adjusted Binary BDD. Until that happens, we're not at the top. Public opinion is key here because that red cluster is caused by the assumption of the crowd and is self-fulfilling (reflexivity). pic.twitter.com/hZG9WMYcsS
— Hans HODL (@hansthered) August 22, 2019
In his work Hans Hauge has involved analysis of data on price movement and the amount involved in the transactions of bitcoins. On presented chart the most active moments of the movement of the asset is marked in dark red intervals. The expert believes that the bitcoin will reach the same color, to speak about the next high of bitcoin prices is impractical.
Special attention is paid to Hans behavior of prices, depending on the distance of halving. According to a study ahead of the process of reducing the level of remuneration, the rate of bitcoin growth.
Also, the expert drew attention to low levels of fear of investing in cryptocurrency. In his view, the current position of the graph indicates that the market is ready for the next round of growth. Similar percentages were ahead of the rally the end of 2017.
Another option that said Hans as reserve risk. At the moment its indicators also indicate the release of bitcoin growth.
Meanwhile, bitcoin is trading at $10 404. Behind the most capitalized cryptocurrency, other assets of the top 10 rating of the capitalization of resource CoinMarketCap are also in a positive movement.