Source item
Open original source ↗Happy day for bitcoin at $100,000! @dpuellARK’s on-chain analytics have been pointing the way to higher price points. Check out his “Bitcoin Cycles” paper at https://t.co/4GzS1p8NNC!
Quoted context
These are the quoted author’s words.
Bitcoin breaking 100k... About a month ago in our "Bitcoin Cycles" piece, we flagged a potential price target range between 104k and 124k by year's end, based on the averaged performance multiple of all years sampled (2011-2023) and all halving years, respectively. The lower bound above has just been met. We look forward to what the rest of 2024, as well as 2025, have in store for Bitcoin. For full blog piece, visit: https://t.co/r1LH5DQuEI
dpuellARK ↗