Bitcoin Has No Price Floor – Bitcoin USD (Cryptocurrency:BTC-USD)Bitcoin Has No Price Floor – Bitcoin USD (Cryptocurrency:BTC-USD)

What the chart claims to show is this – there is somehow a trailing breakeven price at which Bitcoin has historically traded above. Using a 1.8x average Price/Breakeven (the latest novel effort to fit a relative value multiple to Bitcoin price), he thinks Bitcoin (BTC-USD) should trade at ~$36k by 2019 YE.

Sourced through Scoop.it from: seekingalpha.com

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