Profit, Loss Supply Metrics Predict Bitcoin Price

On November 10, 2021, bitcoin hit its all-time high price of $69,000, per the Bitstamp exchange rate.

It is truly an incredible event that BTC was able to climb so high, increasing the asset’s total market capitalization to $3 trillion, according to CoinGecko. But not so long ago, in June and July of this year, the situation didn’t look so rosy. BTC was relatively weak, at least such an impression could have formed for many, and at some point, it even seemed that BTC could test the lower levels of $12,000 to $16,000.

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