Bitcoin has record hash rate and whale accumulation going on right now. Buying opportunities are at all time low prices and all time high buying opportunities. We expect a big pump in February, we just down’t know when in February. Below is a chart from Crypto Zombie, showing this projected pump. We don’t know exact details, yet, nor timing. February is looking like a good month:
We have been thinking February for a while now. Bitcoin needed to cool off for a while. We saw it last summer and again in late November to present. We believe this will end in the near future. We expect a pump soon.
Here is another Crypto Zombie chart showing balance on exchanges dropping fast. Eventually, Bitcoin price will diverge from balance on exchange:
Before we get to the next related chart to the above one. We should forward the Sven Henrich (of Northman Trader) tweet about how Bitcoin is the vaccine, against the real virus in America, inflation! Click here to view on Twitter.
Entity adjusted dormancy flow, in the next chart, shows the buy signal flashing right now which has done so six times since 2009:
Bitcoin is that oversold right now. Whales know it. See today’s update to the Whale balances chart: