The Next 24 Hours Could Signal If Bitcoin Is Heading To 52,000

Author

Markus Thielen
April 25, 2024

👇1-9) New risks are emerging, and Bitcoin could decline from our projected range of 52,000 to 55,000. Previously, we have pointed out various market structure data points for why this might occur. As we pointed out yesterday, Bitcoin miner revenues are falling short, which could signal that Bitcoin’s fair value is quite a bit lower.

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