Bitcoin is actually overshooting the popular S2F model price as the month of March begins.
Bitcoin’s CAGR is unprecedented in the history of finance, data shows, as MicroStrategy gives gold ten years before it’s consumed by cryptocurrency.
A return to $43,000 worries weak hands but works wonders for broader market health, data shows as Bitcoin bounces.
Bitcoin rebounded by over 8% overnight and there are three key reasons behind the rally, in addition to macro factors.
Bitcoin is retesting a key support level at $44K-$45K for the third time in the past week.
Bitcoin is showing signs of weakness as February draws to a close.
If this bull cycle is like 2017 or even 2019, then the majority of investor “FOMO” and associated price gains lie ahead.
It seems weak hands are not done selling, and data hints that institutions, as ever, are reaping the benefits.
The price of gold has also been stagnating, but this isn’t necessarily bad for “digital gold” Bitcoin.
Investors who began their Bitcoin journey three to five years ago have stronger hands than you might think.