ResearchNothing Partner: There is still a lot of room for BTC to rise
Adam, a macro analyst at Greeks.live, posted on the X platform saying that 0x Todd, a partner at ResearchNothing, stated that the U.S. stock market views Bitcoin differently than we do when looking at candlestick charts. When we look at Bitcoin, the opening price is approximately $0. If the current price is $61,000 then it has risen nearly four times from its previous bottom of $16,000. They view Bitcoin IBIT (taking Binance's ETF as an example), with an opening price of $26 and a current price of only $34; having risen from its "bottom" of $22 to just 50%, therefore there is still much room for BTC to rise.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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