Door ZyCrypto - 2 jaar geleden - Leestijd: 2 minuten
Waarom Bitcoin Is Nowhere Near The Top This Cycle, But Still Likely To Roar Past $200,000
Als je dacht bitcoin’s parabolic rally was over, think again. A price indicator developed by one of the industry’s best-known analysts is betting on the world’s largest cryptocurrency to more than triple in value during this cycle.
Bitcoin Could Soon Clinch $200K
Bitcoin has had a blockbuster year so far, with the pioneer crypto breaking multiple record levels and flirten met de drempel van $69,000 vorige week omdat het profiteert van talrijke wind in de rug. Toch verwachten analisten dat de cryptocurrency in de nabije toekomst nog hoger zal stijgen.
Bitcoin could skyrocket to as high as $200,000 in the current bull market based on the Top Price Model indicator. This indicator was created by on-chain strategist-cum-crypto investor Willy Woo and is used to identify cycle tops in the market.
On-chain analytics provider Glassnode pointed out that the Bitcoin Top Cap is calculated by multiplying the Average Cap by a factor of 35. The Average Cap is derived from the total daily market capitalization, divided by the number of days that the market lives.
Top Cap estimates bitcoin at an eye-watering valuation of $4 trillion while the Top Price stands at roughly $214,000. If this analysis holds true, then we’re still in the early innings of the crypto bull market.
Woo's Top Price Model-indicator is verre van de enige indicator die een race naar nieuwe all-time highs voorspelt. De maker van het Stock-to-Flow-model PlanB foresees bitcoin at $98K by the end of this month en $ 135K in december. Met name de iteratie van het model, de Stock-to-Flow Cross Asset (S2FX), vraagt om een gemiddelde prijs van $ 288,000 deze cyclus.
Een andere crypto-analist, TechDev, eerder beschreven een cyclustop van tussen de $ 200,000 en $ 300,000 als "bijna te geprogrammeerd".
Originele bron: ZyCrypto