CryptoCOC#8: Bitcoin’s 2021 Review Using On-Chain And Price Related...

COC#8: Bitcoin’s 2021 Review Using On-Chain And Price Related Data

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Cycling On-Chain is a month-to-month column that makes use of on-chain and price-related knowledge to higher perceive current bitcoin market actions. This eighth version gives a 12 months in overview for 2021 after which assesses what present traits appear like going into 2022.

A Year Of Modest Growth

The bitcoin value opened the 12 months at $27,346 (on Kraken) and truly by no means regarded again. Hopes had been very excessive, which was largely pushed by the institutional worry of lacking out (FOMO) that Michael Saylor and MicroStrategy triggered, together with PlanB’s Stock-to-Flow (S2F) and S2F Cross Asset (S2FX) models that predicted a value of round $100,000 and $288,000, respectively.



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