The Bitcoin market is witnessing an upward trend as more buyers continue to accumulate and hold on to their cryptocurrencies in anticipation of a price hike. This phenomenon, known as ‘HODL Waves’, indicates a bullish market. The 2020 HODL wave suggests that an increasing number of Bitcoin buyers are not selling their assets, thus limiting the supply and potentially driving up the price. This behavior shows a strong belief in the future value of Bitcoin, indicating a positive market sentiment.
