Bitcoin plays by the rules. This confirms the market

Shows financial market analyst from Indexica, the main drivers of the Bitcoin and cryptocurrency market is completely different from the usual for the traditional sector. In the interview with the Forbes CEO Indexica Zach Silbert said that BTC and other cryptocurrencies do not behave exactly like the main asset classes.

Through our extensive research we have applied to the cryptocurrency much more tests than almost any other asset. It seems that Bitcoin and cryptgenkey just don’t behave as we expect.

As the head Indexica, the main drivers of the stock market — ads of major companies, new technologies and government regulation — do not seem to have a significant impact on Bitcoin.

Source: Bitcoinist

So what makes the price of Bitcoin?

In one of his messages to the representatives of the Bitcoinist Selbert notes the following.

As a rule, up to 40 percent of price drivers can be found on the historical charts. But on Bitcoin is extremely difficult to understand what drives its price. This state of Affairs means only one thing — will take a long time until the asset can be called traditional.

Commenting on this issue in its market digest, senior analyst, eToro’s Mati Greenspan said that “Indexica trying to use overly elaborate settings, the research is still an emerging asset class”.

At the moment we do not have sufficient information to create a fully informed market metrics. Such that the traditional markets are able to predict prices of stocks, commodities, and so on.

However, as the analyst is not to say that the stock market nothing is moving. Using simple technical indicators such as trend lines and monitoring the fundamental indicators like network activity and decision — give some idea of the behavior of prices. Especially if we are talking about BTC/USD.

Short-term market sentiment could cause price spikes at different periods of time. The outbursts and landslides due to such events prove to be ephemeral. Accordingly, later the price returns to its original state.

The bitcoin goes into a stage of maturation

In the early days of cryptocurrencies on the market and prices have a significant impact the hacking of exchanges and government decisions. Now, however, similar events have almost no influence on the price of BTC even with positive news.

Source: 2Биткоина

The growing consensus is that Bitcoin has become a more Mature asset even since the hype of the end of 2017. Because of the falling coins 80 per cent, there was a huge institutional interest, and now BTC seems to be gradually recovering from a prolonged downturn throughout 2018.

According to the study Indexica, modern laws about Bitcoin contain similar wording that apply for the main asset classes. According to the team Indexica, it kind of shows the maturity of the BTC.

We will remind, according to Anthony Pompliano of Morgan Creek Digital, the next 12-18 months will be crucial for Bitcoin. Pompliano joined the camp of optimists in the face of max Kaiser and Travis Kling. They believe that the current policy of Central banks around the world will throw the world economy back in development and will send the Bitcoin price to the moon.

Do you have any idea about what exactly moves the price of Bitcoin? And where it will go further in the short or long term? Share your opinion happens in cryptodata of hontarov.

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