This metric suggests Bitcoin price can go as high as $590K this bull run By Cointelegraph


This metric suggests Bitcoin price can go as high as $590K this bull run

The current (BTC) bull run could send as high as $590,000, one indicator forecast this week.

Curated by on-chain analytics resource Glassnode, the Net Unrealized Profit/Loss (NUPL) index has reached a level that has historically launched the Bitcoin price an order of magnitude higher.

Bitcoin Net Unrealized Profit/Loss historical annotated chart. Source: Rafael Schultze-Kraft/ Twitter