A senior quantitative researcher at crypto investment fund Ikigai says Bitcoin’s 2019 rally is not over yet.
According to Hans Hauge, an analysis of the amount of BTC sold by long-term holders over time indicates the leading cryptocurrency has not yet reached a top in its current cycle.
“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).”