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Coin Telegraph

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Image Credit: Coin Telegraph

Bitcoin price metric that called 2020 bull run says $69K new bottom

  • Bitcoin has a 95% chance of staying above $69,000 forever, according to the Lowest Price Forward metric.
  • Network economist Timothy Peterson predicts that Bitcoin won't fall below $69,000 based on the metric.
  • Peterson's previous predictions using the Lowest Price Forward metric have proven correct.
  • Despite the recent market dip, Peterson remains optimistic and expects Bitcoin to continue rising after a cooling off period.

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