Adamant Capital just posted their free report: "BITCOIN IN HEAVY ACCUMULATION". Extremely well researched and perhaps one of the best / most bullish crypto reports published this year.
Note: These guys published their reports back in 2012 and 2015 when crypto markets were massively down and people thought crypto was dead. Investors who read that and bought cryptocurrencies back then ended up making massive gains. They're now back with their 2019 report in which they believe crypto markets are seriously undervalued. Their investigative findings show that Bitcoin whales are currently accumulating large amounts of Bitcoin. It seems a bull run is eminent.
Some highlights/snippets from their report:
Adamant Capital: "We pride ourselves in having published our 2012 and 2015 Bitcoin reports during what we perceived as periods of significant undervaluation. Each report was issued when Bitcoin was down more than 80% from all-time highs. Now, at 75% below its 2017 all-time high, we believe the current bear market represents an exceptional opportunity for value investors. During this accumulation phase, we expect for Bitcoin to trade in a range of $3,000 to $6,500, until the new bull market permanently cements the denarian cryptocurrency as a multi-trillion dollar asset class. "
Blockchain analysis suggests Bitcoin whales are now accumulating
Significant parallels with the 2014-15 bear market have emerged
Recent volatility lows suggest retail apathy, market bottoming
Bitcoin's secular bull market is supported by strong fundamentals (e.g.BTC halving event is 399 days away, Fidelity, BAKKT, Northern Trust, TD Ameritrade, Intercontinental Exchange (NYSE), Goldman getting into crypto.)
Report available at: https://twitter.com/tuurdemeester/status/1119272239122264064
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