4 Things To Look At Before (and After) a Big Bitcoin Price Change

  • What happens before a Bitcoin price jump or drop?
  • What are the main drivers?
  • Is there any way we can predict it before it happens?
  • Who are the main players responsible for that price change?
Fig 1: An 11% spike in Bitcoin price on July 27th 2020, associated with a $1.63B trading volume
  • Financial/market data
  • Onchain data
  • Order book data
  • Social interaction data
Fig 2: Candlestick chart with Bitcoin price data of the past 3 months, together with transaction volume (bottom bars) and moving averages (lines)
Fig 3: Exchange balance of Bitcoin over the past year
Fig 4: Market depth obtained by connecting to the Blockchain.com exchange
Fig 5: Number of positive comments on the Bitcoin’s subreddit over the past 6 months
Fig 6: BTC price vs Bitcoin’s subreddit Polarity over the past 3 months

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AnChain.AI

AnChain.AI

Blockchain data analytics firm providing security, risk, and compliance solutions.

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