Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-02-24 16:00:41

Bitcoin Is A Marathon, Not A Sprint

Bitcoin is down over 40% since November; however, onchain analytics show the asset is acting in accordance with past cycles.Most momentum traders have left the Bitcoin market, and steady demand from long-term investors should keep Bitcoin between $30k - $40k until macro headwinds are settled.Beyond price, Bitcoin's hash rate and long-term holder supply metrics show that Bitcoin's underlying network is healthier than ever.

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