Bitcoin (BTC) Price Will Plummet By 28% To Hit Bottom - CryptoQuant
On-chain Platform CryptoQuant lists key price metrics to help investors be prepared for Bitcoin bottom.
As per CryptoQuant, historically, Bitcoin tends to create a bottom below the realized price, in which case, price models like delta price and thermo price are used to estimate the price bottom.
“Historically, the market had reached a bottom when the price touched the delta price as in the 2015 and 2018 bear markets. The delta price indicates price could still fall by 28%,” Wrote CryptoQuant.
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