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Analyst Estimate That The Current “Conservative” Price Of Bitcoin Is $55K
Summary: Willy Woo, the well-known on-chain analyst tweeted that according to the supply shock (SS) valuation model, Bitcoin is currently placed above $55K, which is a conservative forecast, because the SS of exchanges is now above the highest level in history. The SS model quantifies investors' buying and selling intentions, which equals unavailable supply/available supply. From ...
Willy Woo, the well-known on-chain analyst tweeted that according to the supply shock (SS) valuation model, Bitcoin is currently placed above $55K, which is a conservative forecast, because the SS of exchanges is now above the highest level in history.
The SS model quantifies investors' buying and selling intentions, which equals unavailable supply/available supply. From the perspective of supply and demand, investors who do not intend to sell are on the demand side, while investors who are willing to sell are on the supply side.
Willy Woo uses the look-back algorithm to determine the market's price of Bitcoin under the previous supply and demand situation.
By Mary Liu
Tags: Bitcoin,Willy Woo
Link: Analyst Estimate That The Current “Conservative” Price Of Bitcoin Is $55K [Copy]
