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.”