News > Bitcoin should be atleast at $55k suggests supply shock metric

Bitcoin should be atleast at $55k suggests supply shock metric

Bitcoin is trading nearly at $52k after the last night pump that broke through the resistance at $50,500. And now the supply shock metric has been telling that Bitcoin should be at least at $55k.

After a long wait, Bitcoin has finally broken through the $50,500 barrier and has confirmed that it’s moving up. This was the last stage for the continuation of the bull market, and it seems we are due for a double top pattern in 2021.