Analysis of the Bitcoin mining cost metrics conducted by Fundstrat’s quantamental strategist has led the market research firm to predict an upcoming rise of the flagship cryptocurrency.
Bill Baruch, together with a number of other reputed analysts, has expressed a bullish view regarding short-term Bitcoin price movements.
Tim Draper during his recent “Draper Block(chain) party” in California said that Bitcoin could multiply thirty times from its current price.
Barhydt says that with the participation of hedge funds managers and institutional investors from West, Bitcoin will witness a huge price recovery ahead this year.
Lee, in his analysis, has presented a new Bitcoin Misery Index which is a contrarian indicator which meaning the lower Bitcoin goes, the higher are the chances to rise again.
The overall cryptocurrency markets have corrected heavily in the last 24 hours as the crypto markets valuations have dropped to $310 billion.
Bitcoin corrects heavily by 10% in just the last 24-hour duration as the overall crypto markets hit a month low.