HODL Waves: A revolutionary way to identify Bitcoin trends
A cryptocurrency-based financial firm “Unchained Capital” has recently released a sensational research study called ‘Bitcoin Data Science: Hodl Waves’. Using the UTXO (Unspent Transaction Output) functionality of the Bitcoin blockchain, the research team was able to analyze and predict major BTC price patterns.
Nowadays 3 major HODL waves can be observed through Bitcoin price chart and trend can be identified. Through it always better to be cautious this metric seems to have a lot of potential in predicting Bitcoin prices/trends in the future.