The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Kraken Publishes Crypto Forecast for Top Traders, Says History Suggests Huge Bitcoin Bull Run Incoming

by Daily Hodl Staff
August 12, 2020
in Bitcoin, Trading

San Francisco-based digital asset exchange Kraken has released a report for its top traders to the public, which predicts Bitcoin may be at the start of a major bull run.

The document highlights the fact that the crypto king has finally broken out of a large pennant pattern that has kept bears in control since the latter part of 2017. According to the crypto exchange, the breakout could indicate the start of a new bull cycle as Bitcoin surges above $10,500 and prints a higher high from a macro perspective.

Screen Shot 2020-08-12 at 10.11.26 AM
Source: Kraken

The exchange notes the fact that BTC’s annualized volatility fell to 23% on July 24th. The report stresses that every time Bitcoin’s annualized volatility falls between 15% – 30%, which Kraken refers to as the “suppressed pocket,” sharp moves to the upside typically follow.

Kraken says Bitcoin’s price history “seems to suggest that the late-July jump in volatility is merely the start of what is likely to be a new uptrend.” The firm predicts Bitcoin’s volatility could soon rise above 100% as BTC “rallies somewhere between +50% and +200%” in the coming months.

“Of the 12 instances where annualized volatility bottomed between 15% and 30%, volatility has, on average, bottomed at 21% before climbing higher over the next three months (94 days) and topping out at 140%.

Only on two occasions has Bitcoin posted a negative return from volatility trough-to-peak; on average, Bitcoin returns +196%…

Screen Shot 2020-08-12 at 10.41.46 AM
Source: Kraken

Although momentum appears to be on the side of the bulls, Kraken cautions that wild price swings are likely on the horizon.

“With Bitcoin having only traded above $11,000 for 91 of its 3,636 days of trading (2.5% of its life), we anticipate volatility to build as Bitcoin unlocks new levels of support and resistance and navigates through uncharted waters.” 

You can read the full report here.

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong

Submit a Press Release

Industry Announcements

  • BlockJoy Secures Nearly $11 Million From Gradient Ventures, Draper Dragon, Active Capital and More To Launch Decentralized Blockchain Operations
    February 2, 2023
  • Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps
    February 1, 2023
  • Sign Up Today for the TRON Grand Hackathon aka HackaTRON Season Four
    February 1, 2023
  • MegaWorld Land Gameplay on BNB Chain Starts February 15, 2023
    February 1, 2023
  • Web 3.0 Hackathon on Astar Sponsored by Toyota Motor Corporation
    February 1, 2023
  • Match-Trader White Label by B2Broker Gives Brokers a Comprehensive Online Trading Platform With B2Core Integration
    February 1, 2023
  • Addressable Raises $7.5 Million To Enable Web 3.0 Companies To Acquire Users at Scale
    January 31, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,009.16
$23,009.16
1.41%
Ethereum
$1,634.36
$1,634.36
1.93%
Cardano
$0.396808
$0.396808
0.07%
XRP
$0.402074
$0.402074
2.03%
Dogecoin
$0.092543
$0.092543
2.75%

Spotlight

  • ‘New Era’ As Cardano (ADA) Based Stablecoin Djed Goes Live on Mainnet
    January 31, 2023
  • Bitcoin Could Scale Into Staggering $30,340,000,000,000 Market, According to ARK Invest’s New Crypto Forecast
    February 3, 2023
  • Top Analyst Says One Ethereum-Based Altcoin Is Ready To Break Out, Updates Outlook on Three Additional Altcoins
    January 30, 2023
  • Low-Cap Crypto Asset Surges 219% After Contentious SEC Decision – Could XRP Do the Same?
    February 1, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl