Bull-Run Incoming?

Post-halving and there has been much speculation as to where price is headed – it seems there are three metrics which have converged which may herald a big run

3 Bitcoin Price Metrics Just Converged — A Bull Run Has Always Followed

“Tracking the basket back several years, the previous convergence occurred just before Bitcoin’s bull run which began in April 2019.

As Cointelegraph reported, the 200-day moving average has often played a role in determining long-term support and resistance levels for the price. It currently sits at $8,000.

Bitcoin’s Metcalfe value is a more complex quant calculation, something on which Peterson wrote a dedicated guide due to its implications.

‘Bitcoin’s price provides a transparent look at Metcalfe’s law at work,’ he summarized at the time.

Meanwhile, the lowest price forward, formerly known as ‘never look back,’ predicts a minimum value for BTC/USD on a given date. In April, Peterson noted that the value for December 31, 2020, was $10,400, identical to the Metcalfe value reading.”


Master Asked on May 22, 2020 in Bitcoin.
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