CryptoQuant hints that Bitcoin could potentially reach above $260K this cycle. They derived a formula based on Bitcoin's Hashrate/Market Cap. Fundamentally, they believe Bitcoin could reach these levels.📈

I hadn't encountered this formula before, but I definitely observed how Bitcoin's hashrate acted as a lagging indicator for asset price growth, which would align the price curve to the hashrate.🙃

Therefore, I wouldn't dismiss CryptoQuant's conclusion as just another junk forecast from Twitter.😁