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weekly-roundup

Bitcoin Network Demand Model

Bitcoin Network Demand Model

Week 3 2022 Although the score remains at 1/6, behind the scenes there have been some interesting developments in the Network Demand Model this week. The short-term transaction signal briefly flickered on while MRI has perked up. The bad news is the long-term transaction indicator, the sole source of

Why Bitcoin's Four-Year Cycle Is Not 'Yet' Dead

Why Bitcoin's Four-Year Cycle Is Not 'Yet' Dead

ByteTree Market Health Update; Issue 108 Some believe the four-year bitcoin price cycle is over. I have no doubt that one day it will be, but not yet. What is clear is that the amplitude of the four-year cycle is falling as other drivers take over. The root cause of

Bitcoin Network Demand Model

Bitcoin Network Demand Model

Week 2 2022 “All models are wrong, but some are useful”. George Box, University of Wisconsin, 1978 Last week we warned that the bitcoin market was in urgent need of a catalyst. The patterns we are observing have worrying similarities to the price behaviour of 2018 when the price fell

Bitcoin Network Demand Model

Bitcoin Network Demand Model

Week 1 2022 The Network Demand Model starts 2022 in subdued mode, remaining on a score of 1/6. The sole indicator remaining in positive territory is long-term transactions. In recent weeks, we have commented on how quiet periods of activity may indicate ‘value’ buying ahead of renewed bursts of

A Central Bank Digital Currency: 'Britcoin' - A Risky Unnecessary Venture

A Central Bank Digital Currency: 'Britcoin' - A Risky Unnecessary Venture

A Letter to the Chancellor In the late summer, we were asked by a UK member of parliament, Steve Baker MP, to help make the case against central bank digital currencies. ByteTree, being a digital asset research hub, is very much in favour of digital assets and currencies but is

Gold Surges in Q1 While Bitcoin Struggles

Gold Surges in Q1 While Bitcoin Struggles

ByteTree BOLD Price cycles and seasonality sometimes appear to be one of the great market mysteries, but there’s often a simple explanation. It is easy to understand why the demand for fireworks peaks at New Year, but other cycles can be harder to explain. I’ll get to gold

Bitcoin Network Demand Model

Bitcoin Network Demand Model

Week 51 2021 The Network Demand Model registers a score of 1/6 for the second week running, with only the short-term transaction indicator in positive territory. On-chain data is unmistakably soft, perhaps unsurprisingly so as investors shut up shop ahead of the year-end, not to mention the elevated levels