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Grayscale's Bitcoin Premium Suggest BTC Still Overvalued at $10,400: Analyst

From newsbtc.com

While Bitcoin (BTC) is still not decidedly in an uptrend, it is doing a lot better than it was a bit earlier this week, when the cryptocurrency cratered to $9,500 in a massive -8% day. One model, however, suggests that the pain isn’t over for the cryptocurrency market just yet. Hold on to your hats! Related Reading: Bitcoin Space Reacts to Bakkt’s September Launch Date Reveal Bitcoin Still Overvalued, Model Suggests As detailed heavily by NewsBTC, Bitcoin hasn’t had the best of weeks. At one point, back when Bitcoin found itself in and around $9,500, price trackers suggested that the cryptocurrency had shed 20% in a ... (full story)

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  • Category: Technical Analysis