Where’s the Bitcoin Floor?

Recent key events

Source: ByteTree Terminal. BTC miner inventory 5 weeks.
Source: ByteTree Asset Management. Bitcoin fund flows since April 2021.

Fair Value

Source: ByteTree Terminal. Short- and long-term Fair Value for Bitcoin.

Fundamentals realigned

Source: ByteTree.
Source: ByteTree Terminal. Total fees in USD, 52 weeks.
Source: ByteTree Terminal. Total fees in USD, 1 week.

Technicals

Bitcoin price weakness has come from the American trading session

Source: ByteTree. BTC performance by trading session.

Bitcoin is heavily oversold

Source: Bloomberg. Price percentage above or below the 90-day moving average over 5 years.

Middle of the range

Source: Bloomberg. Bitcoin price 5-year regression model.

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ByteTree.com

ByteTree.com

Applied data for digital asset investors. ByteTree provides real-time data, fundamentals, technical and deep blockchain market analysis for Bitcoin, and more.