Bitcoin 'price will follow,' says analyst after historically accurate metric ...

Bitcoin 'price will follow,' says analyst after historically accurate metric ...

A record "organic" price valuation based on long-term investors paves the way for uncharted price territory for Bitcoin, the statistician says. Bitcoin (BTC) has already hit an all-time high this week, according to one price measurement from popular statistician Willy Woo.In a series of tweets on Oct. 27, Woo added to his recent bullish prognoses on Bitcoin, noting that one valuation of BTC/USD was now higher than ever before.Woo: “Price will follow” NVT valuationWoo was referring to Bitcoin’s network value to transactions (NVT) ratio, which aims to suggest when the Bitcoin network is....


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