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the best (city) analyst I saw recently said BTC is still 4 times overpriced on it's market cap, so that would make the valuation around $2000 or something ?
I think that's around the level the city is waiting for.
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Hello daytrader105,
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the best (city) analyst I saw recently said BTC is still 4 times overpriced on it's market cap, so that would make the valuation around $2000 or something ?
I think that's around the level the city is waiting for.
id say about 4k is where its logical for it to bounce. because is where the monthly demand is. but markets dont behave logical all the time.
it's so unpredictable, it could do down to $1 tommorow or $20K the day after, just no way of telling in this market.