Bitcoin thermocap metric shows BTC price is still in the 'low end' of bull cycle

Cointelegraph

Published Jan 18, 2021 08:30AM ET

Updated Jan 18, 2021 08:20PM ET

Bitcoin (BTC) is still at the “low end” of a 2021 bubble, new data tracking miner and investor behavior suggests.

In the latest signal that BTC price action still has major growth potential, researcher Geert Jan Cap showed bullish signs coming from Bitcoin’s thermocap.

Bitcoin thermocap vs. BTC/USD chart. Source: Geert Jan Cap/ Twitter
Bitcoin realized price chart. Source: Willy Woo/ Twitter

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