KRAKEN ANALYST OUTLINE POTENTIAL BITCOIN SURGE TO STAGGERING HIGH OF $322,478!!
3 years ago
6
A new report from Kraken Intelligence uses the Bitcoin 200-week moving average as a crystal ball, to project the future price of the king crypto.
Specifically, Kraken looks at the multiples that BTC has traded at relative to its 200-week moving average in the past.
If Bitcoin once again climbs to a 10x to 15x multiple of its 200-week moving average, which Kraken analysts say is in the historical range, this would imply a future price range of $214,985 to $322,478.
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