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Crypto & Bitcoin

How High Can Bitcoin Price Go? Expert Uses Silver’s Rally To Map $400,000 BTC Target

Reported by Anjali Belgaumkar, Coinpedia

Image: Coinpedia

Bitcoin’s latest pullback has rattled many investors, but Matt Crosby is not one of them. The director of research and analytics at LookIntoBitcoin says on-chain data shows the bear market low is “essentially in.” He also thinks the next rally could move far faster than most people expect. Crosby’s main evidence is a metric called realised cap HODL waves. It tracks how much of Bitcoin’s average purchase price is shaped by investors who have held their coins for at least three months.

This is an excerpt. The reporting belongs to Coinpedia.

Read the full report on coinpedia.org
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