The price of Bitcoin is unpredictable, it can increase or decrease in a short period of time due to its young economy, but can astrology influence the price of Bitcoin?
Astrology in the price of Bitcoin
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Bitcoin tends to be very volatile in its price, and even with some skepticism the question arises whether astrology influences the price of this cryptomon currency.
Analysts try to rhyme and reason this through fundamental and technical analysis. But could the key to understanding Bitcoin’s price cycles lie in the stars, moon and planets above us?
A new-age cryptographic analyst has discovered an unusual correlation between Mercury in retrograde that becomes „direct“ and major Bitcoin price increases.
When Mercury is in retrograde, it seems to be traveling backwards through the night sky. This happens only three times a year. During these phases, „the coincidences can be extraordinary.
Since Mercury first entered retrograde on February 16, Bitcoin has collapsed. The stock market experienced the worst fall since the last recession, and fears of the coronavirus have gotten completely out of control.
An astrological event is about to occur that in recent years has been associated with some of Bitcoin’s most volatile periods. On June 18, 2020, this phenomenon called „Mercury in Retrograde“ will begin.
According to the encryption analyst who includes astrology in his analysis, Bitcoin will most likely recover from this.
Bitcoin’s volatility could increase because of this upcoming event
Changpeng Zhao spends 20% of his time on Twitter
Changpeng Zhao, CEO of the world’s largest crypto currency exchange, explained his use of social media. He noted that he has played a key role in engaging his exchange with the community.
CZ said his Twitter activity is not part of any overall goal. „It’s really a way to interact with our community,“ to which she devotes approximately 20% of her time.
CZ believes that Twitter is effective for its commitment to the community today, as the platform allows for a wide audience.
Number of addresses with at least 0.1 Bitcoin breaks record
Data recently published by Glassnode has revealed that the number of wallets containing 0.1 Bitcoin is reaching new historical highs for both BTC and Ether addresses.
Data published by Glassnode on 13 June shows that the number of wallets with 0.1 or more BTC has reached a new record of 3,054,282, beating the previous record of 21 May of 212 addresses.
The number of purses with 0.1 or more BTCs has risen steadily since the 2017 upswing peaked, and since April 2019 new records have been consistently set above 2.75 million.