Jurrien Timmer, Global Macro Director at Fidelity Investments, said that Bitcoin (BTC) was technically “oversold” in the recent plunge in the overall cryptocurrency market.
Jurrien Timmer, 15 June on Twitter on in the posts bitcoinin the last decline of whether it’s cheaper than it looks questioned and technically “oversold” told.
In sharing, “Is Bitcoin cheaper than it seems?” seeking an answer Timmera simple for bitcoin P/E (price/earnings) as an indicator price/network ratio took it. Timmer, bitcoin‘s latest at the end of 2020 seen to price levels despite returning price/network ratio last 2017 and 2013in return to the levels seen told.
Global Macro Directoras another way of questioning this non-zero Bitcoin addresses (BTC non-zero addresses) with your price superimposed on Bitcoin’s Demand Curve He shared his graphic and gave the following statements:
Another way to highlight this is to overlap Bitcoin’s non-zero addresses by price. The price is currently below the network curve.
Finally, Glassnode Bitcoin Domancy Flow graphical Timmerthe indicator 2011 It has reached levels not seen since bitcoinhow technically “oversold” He said it showed.
President of Fidelity Investments Abigail Johnson in a statement he made recently, the current bear market “third crypto winter” He also said that the last drop in the crypto money market don’t worry had expressed.
According to CoinGecko data, in the last 24 hours $20,193regressed to Bitcoin (BTC)at the time of writing 7.2% with an increase $21,772traded from.