Room to Rally: Bitcoin’s Risk-Adjusted Returns are Steady at 6 Year+ Levels

Room to Rally: Bitcoin’s Risk-Adjusted Returns are Steady at 6 Year+ Levels


Bitcoin has been on a tear throughout the past few weeks, with its price action heating up as bulls try to flip $40,000 into a support level If the crypto continues holding above this previous resistance, it could allow for significantly further upside in the days and weeks ahead One analyst explained that although it seems like Bitcoin’s rally may be over-extended, its risk-adjusted returns are on-par with how where they are historically As such, there’s a strong possibility that the crypto could see significantly further upside before it reaches a point of exhaustion Once its returns are drastically higher than its risk-adjusted returns have been historically, then the crypto may be at risk of posting a 2017-style blowoff top

Bitcoin and the entire crypto market are currently in the midst of a parabolic bull market. Although not as drastic as that seen throughout late-2017, it has allowed Bitcoin to double its previous highs.

This rally shows

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