Tags : 200K

Bitcoin

Is Bitcoin Following S2F Model? How a $200K Top Could

Is Bitcoin a commodity? It is, according to most regulatory agencies including the CFTC. But is Bitcoin a store of value (SoV) commodity? That seems to be the current consensus. Most of the investors are treating it as so, and calling it “Gold 2.0.” Well, if that’s the case, then Bitcoin should follow the stock-to-flow […]Read More

Bitcoin

Bitcoin may suffer several corrections on its way to $200k,

Peter Brandt, veteran trader and author of “Diary of a Professional Commodity Trader,” pointed out that while Bitcoin’s (BTC) price could reach $200,000, history shows that it’s prone to massive corrections of 30% or more. “In the 2015-2017 bull market in $BTC, there were nine corrections exceeding 30%. Since the Mar 2020 low, there has […]Read More