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The case for Bitcoin hitting $100K by November
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After recording a new high last week, Bitcoin’s price has remained quite steady. if complacent. In fact, over the last couple of days, it has been hovering within the $60k-$63k territory.
Well, the aforementioned non-dramatic behavior was sort of expected from Bitcoin. Fortunately, it successfully did not violate its weekend sanctity either. Even so, a few from the community have started doubting Bitcoin’s ability to rally further.
Despite Bitcoin’s aforementioned hesitancy, its fundamentals have been improving. The Puell Multiple, for instance, has consistently remained under 2 since the beginning of October. Whenever this metric inches higher, the odds of miners selling their HODLings intensify.
As per the press time reading, the sell-side
Read more on ambcrypto.comAbout this in other media
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