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This economic model shows Bitcoin on track for a 1000% climb despite recent selloff This economic model shows Bitcoin on track for a 1000% climb despite recent selloff

This economic model shows Bitcoin on track for a 1000% climb despite recent selloff

Bitcoin (BTC) has been subjected to an unrelenting downtrend over the past few weeks, which has occurred in tandem with the selloffs seen by more traditional asset classes.

This economic model shows Bitcoin on track for a 1000% climb despite recent selloff

Cover art/illustration via CryptoSlate

Bitcoin (BTC) has been subjected to an unrelenting downtrend over the past few weeks, which has occurred in tandem with the selloffs seen by more traditional asset classes.

This has led the digital asset to erase the bulk of its 2020 gains, and potentially invalidate the bullish market structure resulting from this recent uptrend.

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