Opinion: BTC is undervalued by at least 10 times 💸
The capitalization of #gold is $22.8 trillion, the capitalization of #BTC is $2.3 trillion, which means that gold is almost 10 times more expensive. At the same time, the deficit of BTC is 2 times higher than that of gold.
This does not mean that BTC will soon reach 10x, but it has such a growth potential in the long term😏
#BTC didn’t followed our plan but goes as per weekly idea. Price broke though the Strong Resistance Area and Pumping. Moreover, #ETF news is just on the head now, so this might be due to that and now price will sustain over the level until further release. A potential retest is expected back to $45,000, which will be a healthy correction.
By Crypto Australia
#BTC still moving back and forth inside the range and again rejected from the Resistance Zone, with that price nearly got into Major support again. Well, this series might continue until a strong news drop into the market like #ETF Approval, Rejection or Delay. Hodl on with the new alts trade and manage the running one accordingly.
By Crypto Australia