2021-4-7 13:00 |
The largest cryptocurrency’s 200% CAGR presents a serious challenge to even the most successful crypto business strategies.
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As per the latest market data, the $BTC/$USDT weekly trajectory presents a substantial bearish plunge from a noteworthy rising wedge pattern.
According to CryptoQuant, despite this high conviction, the on-chain data discloses that almost 50% of the cumulative holdings of Strategy are at loss.
Bitcoin closed the CME futures gap at $89,350, a short-term milestone traders are watching closely as markets await volume to confirm a sustained move.
The remarkable results of Bitcoin $BTC and gold’s merger in the crypto portfolio challenge the long-held narrative of choosing one between these two assets.
The consensus that Bitcoin has matured into “digital gold” faces a new fracture line on Wall Street, one that has little to do with daily price volatility and everything to do with the distant future of computing.
Based on the exclusive market data from CryptoQuant, Bitcoin’s $BTC realized price within the 6-12 month period is moving below the $99,500 mark.
Bitcoin is above 21-day moving average as technical indicators suggest the possibility of a $94,000 binge in the wake of global economic uncertainties.