Price Analysis 02/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO
Manuel Andersch, senior FX analyst at the Bayerische Landesbank has published a report, which suggests that the “forthcoming halving effect has hardly been priced into the current (BTC) price.” Using a stock-to-flow ratio metric, the report projects a target price of $90,000 for Bitcoin in 2020.
Though there were great expectations for the launch of Bakkt, it turned out to be a dud. A new report by Binance research suggests that the disappointing trading volume on Bakkt might have triggered the recent fall in Bitcoin.
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