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Bitcoin’s Resistance at $100K and Support at $95K: Assessing Potential Price Movements and Network Fundamentals Coinotag 5 days ago

Bitcoin’s Resistance at $100K and Support at $95K: Assessing Potential Price Movements and Network Fundamentals 📈

Bitcoin's price soaring past the $98,000 mark stirs discussions about its sustainability in the market. As the value of the cryptocurrency rises, critical questions regarding its potential overvaluation surface, driven by significantly reduced network activity. Analysts point to key indicators like Metcalfe's law, which evaluates the network effect's impact, and the Market Value to Realized Value (MVRV) ratio as influencing factors.

Source: en.coinotag.com ↗

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