Bitcoinist
2020-05-07 12:00:11

On-Chain Data: Even After $5,000 Gain, Bitcoin Should Be Higher Than It Is Now

Bitcoin’s recovery over the past seven weeks has been nothing short of spectacular. From the $3,700 capitulation low, the lead crypto has gained over 100%, rallying by over $5,000 to $9,300 today. It’s a strong move that has liquidated dozens of millions of BitMEX shorts. While an impressive rally, on-chain data analysis by a top Bloomberg analyst has found that BTC should be higher than it is trading now. On-Chain Data Signals Bitcoin Boom In […]

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