OMG😳😳 Bitcoin price PumP Soon 3 Main Reason|Tamil Crypto Tech

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In this Video I explained the Three Reasons for Bitcoin Pump or Not in 2020.

I told, three main Technical analysis for Bitcoin Pump in this Year. Bitcoin and Cryptocurrencies are Massive pump in today. What the Next Move of Bitcoin.

First Technical Analysis :-
Bitcoin ‘Hodl Wave’ Data Has Now Been Calling a Bull Run for 5 Months.

What is Hodl wave Data?
The data shows that, ” 60% of the Bitcoin supply has not moved from its wallet in over one year”.

Technical analysis is make past happened again. This data said,
In 2016, Bitcoin 1 year hodl goes 60% after Bitcoin Massive pump coming. Bitcoin Bull 20,000$$ in Dec, 2017.

This technical analysis mainly focused on this Chart, There is a strong relationship between the amount of supply lying dormant and subsequent upward price action.

The chart shows pattern Bitcoin supply movement are known as “Bitcoin Hodl”.
That waves shows the supply and demand of Bitcoin. Supply stationary happened Bitcoin Rally in 6000% in 2020 or 2021.

2. Second Technical Analysis :-
The last technical analysis had seen Bitcoin rallied 2000%. Key on-chain data indicates that the propensity that Bitcoin investors have to hold their coins is almost at all-time highs.

Bitcoin Daily Chart:-
The first time during the 2015 lows, there was a golden cross, death cross, golden cross sequence that occurred all within the span of about 100 days. After this cross happened, bitcoin price rallied 6,400%.

Golden cross is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average.

Main Fundamental Analysis :-

Mainly America and China fight going in past two years so the china’s yuan crushed,
Its weakest level since september 2019, that is peak of trade war of US and China.
Bitcoin stands for benefit of yuan crush for Billionaires and chinese investors changed the money to Bitcoin.

China yuan weaken against USD, we could have past 2015 and 2016 repeated, bitcoin strong strength happened.

In this Pandemic issue, some top Analyst said Bitcoin will massive pump in 2020.
How is possible because, world major global crisis happened but how bitcoin will pump.
All fiscal and Monetary funds mainly focused on country’s sector development and also the bitcoin and crypto industry.

Some countries gave offers for Bitcoin industry Example :- Eight developed countries was free tax for Bitcoin gains.

Japan stimulus budget implemented the 117.6 trillion yuan in this japan. So japan cryptocurrency Industry massive pump coming soon.

Major News:-
June 7, 2020 Bitcoin All time High
Will have completed 900 days. Those days Bitcoin sustainability is so massive. In top Analyst said, after that day Bitcoin Big bull run coming.. may bitcoin going to 50,000$.

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