Bitcoin’s price can unwind in these three ways

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Bitcoin’s price can unwind in these three ways

Bitcoin, at the time of writing, was trading at a 112.5 percent premium to its price at the beginning of the year, a 282.5 percent premium to its lowest price in the year, and 28 percent off its highest price ever.

It’s no doubt that like this year, this price rally has been like no other. Starting from the drop to Bitcoin’s lowest price point in over a year in March, and now to its highest in over two years, it’s been a roller-coaster ride.

According to a report by blockchain analytics firm Chainalysis, there are three possible ways the market could unwind.


Learn more about the news here.