Crypto Market Going Through Accumulation Phase
The market of cryptocurrency bears is in the process of collapsing and is in the final phase of the accumulation phase, according to a report from the Adamant Capital digital fund funded April 18.
According to the report, the accumulation phase should lead to Bitcoin (BTC) trading at a corridor between $ 3,000 and $ 6,500, while the new bull market is no longer an advantage. Researchers suggest that Bitcoin kits are currently accumulating a major cryptocurrency that is ringing in the bear market from 2014 to 2015.
The analysis would show that most retailers abandoned the current market, while agribusinesses and long-term investors became dominant. This would be consistent with the BTC volatility analysis, where the recent 60-day bitcoin volatility fell below 5% - which is not apparent since the end of 2016.
"During the accumulation phase, the market will range: the weak hands trying to emerge from the market, earning over time and thus creating resistance, and strong hands, trying to accumulate, buy at the bottom of the beach that eventually creates a floor in the room."
The millennium generation is also one of the main triggers of market-based cryptographic gains, the report says. 92% of this generation does not trust banks, and most Bitcoin customers are thousands of years old. Researchers have predicted that bitcoins will be massively adopted over the next five years and will be widely recognized as portfolios and reserve assets.
As previously reported, the research conducted by Clovr from blockchain company revealed that Cryptocurrency investment is the most popular among thousands of dollars earning between $ 75,000 and $ 99,999 per year. Thousands would be almost twice as likely as any other generation to invest in digital currency, with 43% of men and 23% of women entering the crypto.
The second survey conducted by the crypto-financial firm Circle revealed that 25% of the government said they wanted to buy digital currencies for the next 12 months, which differentiates them from more than 10% of other generations.
