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via Cointelegraph · By Cointelegraph Staff

Bitcoin Fair Value Closer To $224K Based On Debt Risk Model: Bitwise

BTC

BTC/USDT

$62,604.40

-3.20%

$62,604.40

-3.20%

(24s)

24h Volume

$19,819,286,539.95

24h H/L

$64,805.07 / $61,938.00

Change: $2,867.07 (4.63%)

Long/Short

68.6%

Long: 68.6%Short: 31.4%

Funding Rate

+0.0015%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,254.00

▼ -2.76%

Volume (24h): -

Resistance Levels

Resistance 3$65,654.82

Resistance 2$64,293.11

Resistance 1$62,866.16

Price$62,254.00

Support 1$61,834.89

Support 2$60,524.98

Support 3$59,097.99

Pivot (PP):$62,822.46

Trend:Downtrend

RSI (14):36.2

Cointelegraph Staff

(07:28 PM UTC)

1 min read

Reviewed bySarah Chen

1188 views

0 comments

New reporting from Bitwise suggests that Bitcoin's (BTC) undervaluation could expand if investors' concerns over sovereign debt deepen. The asset management firm said that mounting pressure in global bond markets and rising government debt levels could strengthen Bitcoin's role as a hedge against macroeconomic risks, with one valuation model suggesting a theoretical fair value of $224,000.

De…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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