New Bitcoin sells half of BTC according to new price prediction of $ 500,000

Bitcoin (BTC) investors will struggle to sell their coins for much longer, and the bull cycle will continue, new analysis suggests.

In one Debate on Twitter On October 28, data analyst Mitch Klee presented new evidence that the current bull run is only 50% complete.

RHODL requires more

With the Real Rate of HODL (RHODL) indicator created by renowned analyst Philip Swift, Klee has shown that Bitcoin is still far from the classic top signals that it gave at its peak in previous bull markets.

RHODL is based on the popular HODL Waves engine and its growing size matches the pickup speed of the bull market – both are then instantly charged.

The RHODL rate shows the seller’s burnout and we’re only halfway there, ”he said in a Twitter comment.

As Cointelegraph reported, RHODL isn’t the only one calling for an extended end to the bull run. Other sources include PlanB, a flow-based stock modeler who believes Bitcoin has six months before the tipping point occurs.

The Bitcoin top price must be “high”

Klee replied to Pete Rizzo, editor at the major Kraken exchange.

Related: Bitcoin price drops in October 2017 coincide with the BTC explosion projected before 2022

In a recent episode of The Best Business Show, a podcast hosted by Anthony Pompliano, Rizzo named cyclical prices as “psychological attacks on Bitcoiners”.

“If bitcoin is to peak, it has to convince some people never to sell bitcoin, to give up some bitcoin,” he said.

“I am confident that bitcoin technology can lure sellers back into the market and the price at which it does so is likely to be higher than we can currently set as this is an attack.”

Rizzo casually mentioned numbers between $ 300,000 and $ 500,000 – “high enough to be really surprised.”