The break in Bitcoin’s daily downtrend and heightened demand from whales indicate Bitcoin’s price could jump, but analysts expected it to take a few weeks.
Is Bitcoin (BTC) Currently Overpriced or Undervalued? Here’s What Analysts Think
Cryptocurrency analyst Axel Adler has provided important data on the current market position of Bitcoin. Based on the metric “Bitcoin Distribution by Realized Supply,” Adler assessed how expensive or cheap Bitcoin’s current price level is relative to the average cost of investors. According to Adler, “Realized Supply” represents the total...
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