//We will see a bottom in the first quarter of 2019 – UTXO

We will see a bottom in the first quarter of 2019 – UTXO

First thread here on r/CryptoCurrency – I would like to share a report about UTXO.Current UTXO trends suggest we are likely to see a bottom in bitcoin’s price by the first quarter of 2019, and the recent acceleration inbitcoin’s downward price trend may indicate we are more likely to see this bottom in the first half of the quarter.This accumulation pattern and subsequent price appreciation will line up with the 2020 block reward halving, as miner’s sellingpropensity is reduced. We do, however, believe this will be the last reward halving to have a very significant impact on price.We can see how bitcoin has gradually shifted to a store of value throughout its existence. This shift has occurred despite block rewardsthat meaningfully increased circulating supply. Bitcoin’s disinflationary nature will only strengthen this store of value narrative.​http://bit.ly/2RK9Vg9 line = price of BTC on a logarithmic scaleGreen line = percent of Bitcoin UTXOs that have not been used in a transaction in at least a yearOrange line = percent of Bitcoin UTXOs that haven’t been used in a transaction for 1-2 yearsLight green line = percent of Bitcoin UTXOs that haven’t been used in a transaction for 2-3 yearsPurple line = percent of Bitcoin UTXOs that haven’t been used in a transaction for 3-5 yearsBlue line = percent of Bitcoin UTXOs that haven’t been used in a transaction for 5+ years​Thanks to delphi digital.

First thread here on r/CryptoCurrency – I would like to share a report about UTXO.

Current UTXO trends suggest we are likely to see a bottom in bitcoin’s price by the first quarter of 2019, and the recent acceleration in
bitcoin’s downward price trend may indicate we are more likely to see this bottom in the first half of the quarter.
This accumulation pattern and subsequent price appreciation will line up with the 2020 block reward halving, as miner's selling
propensity is reduced. We do, however, believe this will be the last reward halving to have a very significant impact on price.
We can see how bitcoin has gradually shifted to a store of value throughout its existence. This shift has occurred despite block rewards
that meaningfully increased circulating supply. Bitcoin’s disinflationary nature will only strengthen this store of value narrative.

https://i.redd.it/ah9g9zw809a21.png

Black line = price of BTC on a logarithmic scale

Green line = percent of Bitcoin UTXOs that have not been used in a transaction in at least a year

Orange line = percent of Bitcoin UTXOs that haven’t been used in a transaction for 1-2 years

Light green line = percent of Bitcoin UTXOs that haven’t been used in a transaction for 2-3 years

Purple line = percent of Bitcoin UTXOs that haven’t been used in a transaction for 3-5 years

Blue line = percent of Bitcoin UTXOs that haven’t been used in a transaction for 5+ years

Thanks to delphi digital.