Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside

Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside
фото показано с : cointelegraph.com

2022-5-18 23:24

On-chain data suggests Bitcoin price is discounted, but analysts caution against expecting a rapid recovery.

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Bitcoin (BTC) на Currencies.ru

$ 87497.04 (+0.04%)
Объем 24H $14.957b
Изменеия 24h: 0.01 %, 7d: -0.91 %
Cегодня L: $87475.79 - H: $87930.97
Капитализация $1747.181b Rank 1
Цена в час новости $ 29874.84 (192.88%)

bitcoin price analysts discounted on-chain data caution

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Bitcoin Remains In Bearish State Despite Recent Surge — Here’s Why

Although the Bitcoin price has recently displayed swift recovery to the upside, the broader picture still mirrors a bleak future for the flagship cryptocurrency. A new on-chain evaluation has surfaced, which suggests that Bitcoin’s recent price recovery could be happening within a broader, weak trend, with macroeconomic factors acting as the major influences.

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