{"id":565225,"date":"2023-12-13T10:45:55","date_gmt":"2023-12-13T10:45:55","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=565225"},"modified":"2024-06-11T08:15:22","modified_gmt":"2024-06-11T08:15:22","slug":"bitcoin-fair-value-36000","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/","title":{"rendered":"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000"},"content":{"rendered":"

Bitcoin seems to be undergoing a <\/span>period of consolidation<\/span><\/a> and profit-taking after eight weeks of <\/span>phenomenal price growth<\/span><\/a>. The world’s largest crypto has had incredible growth this year, with a special surge starting in the middle of October.\u00a0<\/span><\/p>\n

However, after hitting a yearly high of $44,500 on December 8, the price of Bitcoin has pulled back about 6% as some investors look to be taking profits. According to on-chain data provider Glassnode, several of its on-chain pricing models suggest Bitcoin\u2019s fair value is currently between $30,000 and $36,000.<\/span><\/p>\n

Bitcoin’s Price Rally Pauses As After A Resistance At $44,500<\/h2>\n

Bitcoin’s price appreciation this year <\/span>led to a 150% gain<\/span><\/a> which pushed it above $44,500, but on-chain data shows the hot streak has cooled off a bit after forming a resistance at this price level.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Rally To $0.0001? Shibarium Transaction Count Breaches 90 Million Milestone<\/a><\/div>\n

This has led to many short-term investors taking profit from their holdings. According to data from Whale Alerts, there have also been various instances of large BTC transactions into crypto exchanges in the past few days, suggesting some whale addresses might also be participating in the selloff.<\/span><\/p>\n

\n

\ud83d\udea8 \ud83d\udea8 658 #BTC<\/a> (26,893,152 USD) transferred from unknown wallet to #Binance<\/a>https:\/\/t.co\/QzyF0MRiHT<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) December 13, 2023<\/a><\/p><\/blockquote>\n

A short-term correction was inevitable, according to crypto data firm Glassnode’s fair value models. Their analysis based on the investor cost basis and network throughput suggests the fair price is lagging behind the current market spike.<\/span><\/p>\n

A metric cited was the Active Investor Realized Price, which monitors the degree of HODLing across the network. According to this model, Bitcoin’s spot prices are currently trading above its realized price (fair value).\u00a0<\/span><\/p>\n

Taking a look at historical trends shows it has taken between 14 to 20 months between the realized price and the creation of an all-time high. The path to the creation of a new ATH has also always involved major spot price fluctuations of \u00b150% around the Active Investors Realized Price.<\/span><\/p>\n

\"Bitcoin\"<\/p>\n

Source: Glassnode<\/pre>\n
The crypto asset is now 11 months into the break, with spot prices fluctuating between -38% and 21% of the realized price. If history repeats itself, we could see another few months of movements around the current fair value of $36,000.\u00a0<\/span><\/p>\n
This price point correlates with a social media post by crypto analyst Ali Martinez. While noting IntoTheBlock data, the analyst noted strong support between $37,150 and $38,360, backed by 1.52 million addresses holding 534,000 BTC.<\/span><\/p>\n
\n
In case of a deeper correction, #Bitcoin<\/a> finds solid support between $37,150 and $38,360. This zone is backed by 1.52 million addresses holding 534,000 $BTC<\/a>.<\/p>\n
Also, watch out for two resistance walls that could keep the #BTC<\/a> uptrend at bay: one at $43,850 and another at $46,400. pic.twitter.com\/NGm1XpMOLf<\/a><\/p>\n
\u2014 Ali (@ali_charts) December 11, 2023<\/a><\/p><\/blockquote>\n
\"Bitcoin<\/p>\n
BTC bulls try to recover losses | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Another technical pricing model cited by Glassnode was the Mayer Multiple. The Mayer Multiple indicator is now at a value of 1.47, close to the 1.5 level which often forms a level of resistance in prior bull cycles.\u00a0<\/span><\/p>\n
Related Reading: Crypto Expert Explains Why The Bitcoin Price Crash To $40,000 Is Not A Bad Thing<\/a><\/div>\n
Glassnode\u2019s <\/span>report <\/span><\/a>also looked at various other pricing models, including the NVT Premium indicator which evaluates the utility of the network throughput in terms of a USD value. According to the NVT Premium, the recent rally is one of the biggest spikes since Bitcoin\u2019s all-time high in November 2021, suggesting an overvaluation in relation to the network throughput.<\/span><\/p>\n
What\u2019s Next For Bitcoin?<\/h2>\n
Bitcoin is trading at $40,963 at the time of writing. Although the crypto is now down by 6% in a 7-day timeframe, it is still monitoring gains of 8.5% from its December open of $37,731. The $44,500 level is now a crucial level for the asset, as the industry continues to wait for a bullish run after the approval of <\/span>spot Bitcoin ETFs<\/span><\/a> in the US.\u00a0<\/span><\/p>\n
The crypto market is still in bullish sentiment, with Coinmarket’s Fear & Greed Index pointing to a 73 greed. A power through $44,500 would signal the <\/span>resumption of the bullish trend for Bitcoin<\/span><\/a>. Another resistance level to watch after the break would be the $46,400 level.<\/span><\/p>\n
Featured image from Chainalysis, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin seems to be undergoing a period of consolidation and profit-taking after eight weeks of phenomenal price growth. The world’s largest crypto has had incredible growth this year, with a special surge starting in the middle of October.\u00a0 However, after hitting a yearly high of $44,500 on December 8, the price of Bitcoin has pulled back about 6% as some investors look to be taking profits. According to on-chain data provider Glassnode, several of its on-chain pricing models suggest Bitcoin\u2019s fair value is currently between $30,000 and $36,000. Bitcoin’s Price Rally Pauses As After A Resistance At $44,500 Bitcoin’s price appreciation this year led to a 150% gain which pushed it above $44,500, but on-chain data shows the hot streak has cooled off a bit after forming a resistance at this price level.\u00a0 Related Reading: Shiba Inu Rally To $0.0001? Shibarium Transaction Count Breaches 90 Million Milestone This has led to many short-term investors taking profit from their holdings. According to data from Whale Alerts, there have also been various instances of large BTC transactions into crypto exchanges in the past few days, suggesting some whale addresses might also be participating in the selloff. \ud83d\udea8 \ud83d\udea8 658 #BTC (26,893,152 USD) transferred from unknown wallet to #Binancehttps:\/\/t.co\/QzyF0MRiHT \u2014 Whale Alert (@whale_alert) December 13, 2023 A short-term correction was inevitable, according to crypto data firm Glassnode’s fair value models. Their analysis based on the investor cost basis and network throughput suggests the fair price is lagging behind the current market spike. A metric cited was the Active Investor Realized Price, which monitors the degree of HODLing across the network. According to this model, Bitcoin’s spot prices are currently trading above its realized price (fair value).\u00a0 Taking a look at historical trends shows it has taken between 14 to 20 months between the realized price and the creation of an all-time high. The path to the creation of a new ATH has also always involved major spot price fluctuations of \u00b150% around the Active Investors Realized Price. Source: Glassnode The crypto asset is now 11 months into the break, with spot prices fluctuating between -38% and 21% of the realized price. If history repeats itself, we could see another few months of movements around the current fair value of $36,000.\u00a0 This price point correlates with a social media post by crypto analyst Ali Martinez. While noting IntoTheBlock data, the analyst noted strong support between $37,150 and $38,360, backed by 1.52 million addresses holding 534,000 BTC. In case of a deeper correction, #Bitcoin finds solid support between $37,150 and $38,360. This zone is backed by 1.52 million addresses holding 534,000 $BTC. Also, watch out for two resistance walls that could keep the #BTC uptrend at bay: one at $43,850 and another at $46,400. pic.twitter.com\/NGm1XpMOLf \u2014 Ali (@ali_charts) December 11, 2023 BTC bulls try to recover losses | Source: BTCUSD on Tradingview.com Another technical pricing model cited by Glassnode was the Mayer Multiple. The Mayer Multiple indicator is now at a value of 1.47, close to the 1.5 level which often forms a level of resistance in prior bull cycles.\u00a0 Related Reading: Crypto Expert Explains Why The Bitcoin Price Crash To $40,000 Is Not A Bad Thing Glassnode\u2019s report also looked at various other pricing models, including the NVT Premium indicator which evaluates the utility of the network throughput in terms of a USD value. According to the NVT Premium, the recent rally is one of the biggest spikes since Bitcoin\u2019s all-time high in November 2021, suggesting an overvaluation in relation to the network throughput. What\u2019s Next For Bitcoin? Bitcoin is trading at $40,963 at the time of writing. Although the crypto is now down by 6% in a 7-day timeframe, it is still monitoring gains of 8.5% from its December open of $37,731. The $44,500 level is now a crucial level for the asset, as the industry continues to wait for a bullish run after the approval of spot Bitcoin ETFs in the US.\u00a0 The crypto market is still in bullish sentiment, with Coinmarket’s Fear & Greed Index pointing to a 73 greed. A power through $44,500 would signal the resumption of the bullish trend for Bitcoin. Another resistance level to watch after the break would be the $46,400 level. Featured image from Chainalysis, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":565232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790,61309],"class_list":["post-565225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-glassnode"],"acf":[],"yoast_head":"\nBitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000<\/title>\n<meta name=\"description\" content=\"Bitcoin seems to be undergoing a period of consolidation and profit-taking after eight weeks of phenomenal price growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000\" \/>\n<meta property=\"og:description\" content=\"Bitcoin seems to be undergoing a period of consolidation and profit-taking after eight weeks of phenomenal price growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-13T10:45:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:15:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000\",\"datePublished\":\"2023-12-13T10:45:55+00:00\",\"dateModified\":\"2024-06-11T08:15:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/\"},\"wordCount\":688,\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"btc\",\"BTC news\",\"btc price\",\"btcusd\",\"BTCUSDT\",\"glassnode\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/\",\"url\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/\",\"name\":\"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440\",\"datePublished\":\"2023-12-13T10:45:55+00:00\",\"dateModified\":\"2024-06-11T08:15:22+00:00\",\"description\":\"Bitcoin seems to be undergoing a period of consolidation and profit-taking after eight weeks of phenomenal price growth.\",\"breadcrumb\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#primaryimage\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440\",\"width\":2560,\"height\":1440,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/shenyangcang.com\/#website\",\"url\":\"https:\/\/shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/shenyangcang.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000","description":"Bitcoin seems to be undergoing a period of consolidation and profit-taking after eight weeks of phenomenal price growth.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000","og_description":"Bitcoin seems to be undergoing a period of consolidation and profit-taking after eight weeks of phenomenal price growth.","og_url":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-12-13T10:45:55+00:00","article_modified_time":"2024-06-11T08:15:22+00:00","og_image":[{"width":2560,"height":1440,"url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#article","isPartOf":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000","datePublished":"2023-12-13T10:45:55+00:00","dateModified":"2024-06-11T08:15:22+00:00","mainEntityOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/"},"wordCount":688,"publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440","keywords":["bitcoin","Bitcoin news","bitcoin price","btc","BTC news","btc price","btcusd","BTCUSDT","glassnode"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/","url":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/","name":"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000","isPartOf":{"@id":"https:\/\/shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#primaryimage"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440","datePublished":"2023-12-13T10:45:55+00:00","dateModified":"2024-06-11T08:15:22+00:00","description":"Bitcoin seems to be undergoing a period of consolidation and profit-taking after eight weeks of phenomenal price growth.","breadcrumb":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#primaryimage","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440","width":2560,"height":1440,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000"}]},{"@type":"WebSite","@id":"https:\/\/shenyangcang.com\/#website","url":"https:\/\/shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/shenyangcang.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Gain Slows Down: Glassnode\u2019s Fair Value Models Puts The Crypto At $36,000","url":"http:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/bitcoin-fair-value-36000\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","glassnode"],"dateCreated":"2023-12-13T10:45:55Z","datePublished":"2023-12-13T10:45:55Z","dateModified":"2024-06-11T08:15:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Gain Slows Down: Glassnode\\u2019s Fair Value Models Puts The Crypto At $36,000\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-fair-value-36000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-fair-value-36000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Bitcoin-.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Bitcoin-.jpeg?fit=2560%2C1440\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"glassnode\"],\"dateCreated\":\"2023-12-13T10:45:55Z\",\"datePublished\":\"2023-12-13T10:45:55Z\",\"dateModified\":\"2024-06-11T08:15:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-.jpeg?fit=2560%2C1440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/565225"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=565225"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/565225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/565232"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=565225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=565225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=565225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}