Further downside is expected, but multiple data points suggest Bitcoin is undervalued
Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected.
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Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected.
Crypto winters are actually good for Bitcoin as some pivotal BTC projects like the Lightning Network were born during bear markets.
BTC and altcoins generated nominal gains after the Federal Reserve raised the benchmark interest rate by 0.75%, the largest hike in 28 years.
On Monday, June 15, 2022, the price of bitcoin tapped a low not seen since mid-December 2020 as the price hit $20,080 per unit. A large number of crypto supporters…
Bitcoin mining profitability has dropped by over 75% from the market top and is currently at its lowest since October 2020.
Salvadoran minister Alejandro Zelaya brushed off the media criticism of the nation’s investments in Bitcoin.
Cryptocurrency wallet firm Exodus has been paying all its staff fully in Bitcoin since launching its software wallet in 2015, CEO JP Richardson said.
BTC’s sell-off is easing slightly, but traders are afraid that negative newsflow and future U.S. interest rate hikes could push the price lower.
What goes up must come down. And then go up again. Then come down again. And on and on and on...
Another wave of selling hit BTC and sent its price to lows not seen since December 2020. Does on-chain data suggest this dip is worth buying?