If we take a yardstick of the volume throughput by #Bitcoin across a few different models, we can derive a fair value pricing model.
Arguably #Bitcoin is exactly where nit needs to be right now. twitter.com/_Checkmatey_/statu...
2024/05/02 09:53 :
For what it is worth, I think #Bitcoin is fair value here and below for the medium to long term.
I suspect if you closed your eyes for the next 6 months, traders will be liquidated many time over on both sides, but the market will ultimately be higher than where it is today.
Also worth flagging that $53.6k is where the MVRV Ratio returns to its long-term mean.
If we were to trade that low for a sustained period, it would be truly out of character, and an opportunity, not a moment for panic.
I'd be surprised if we end up that low, but anything is… twitter.com/i/web/status/17858...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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