DemandAndSupply
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Bitcoin Price Poised for Surge Due to Demand Outstripping Supply, Analyst Says
A prominent crypto analyst predicts a surge in Bitcoin price as demand begins to outweigh supply. This aligns with the basic economic principle that asset prices tend to rise when demand exceeds supply.
The analyst points out that long-term holders have been accumulating Bitcoin at recent price levels, indicating confidence in its future value. This, coupled with a drop below the "Short-Term Holder Realized Price" (a level at which many short-term holders tend to sell), suggests that the market may be poised for a bullish trend.
#Bitcoin #Cryptocurrency #DemandAndSupply #BullishTrend #Investment
A prominent crypto analyst predicts a surge in Bitcoin price as demand begins to outweigh supply. This aligns with the basic economic principle that asset prices tend to rise when demand exceeds supply.
The analyst points out that long-term holders have been accumulating Bitcoin at recent price levels, indicating confidence in its future value. This, coupled with a drop below the "Short-Term Holder Realized Price" (a level at which many short-term holders tend to sell), suggests that the market may be poised for a bullish trend.
#Bitcoin #Cryptocurrency #DemandAndSupply #BullishTrend #Investment
